What Smart Money Thinks of Platform Specialty Products Corp (PAH)?

Now, key hedge funds have jumped into Platform Specialty Products Corp (NYSE:PAH) headfirst. Glenview Capital, led by Larry Robbins, assembled the largest position in Platform Specialty Products Corp (NYSE:PAH). Glenview Capital had $83.5 million invested in the company at the end of the quarter. Malcolm Fairbairn’s Ascend Capital also initiated a $20.1 million position during the quarter. The other funds with new positions in the stock are Benjamin A. Smith’s Laurion Capital Management, Richard Barrera’s Roystone Capital Partners, and Anand Parekh’s Alyeska Investment Group.

Let’s check out hedge fund activity in other stocks similar to Platform Specialty Products Corp (NYSE:PAH). These stocks are Silicon Laboratories (NASDAQ:SLAB), Hawaiian Holdings, Inc. (NASDAQ:HA), Essent Group Ltd (NYSE:ESNT), and Suburban Propane Partners LP (NYSE:SPH). All of these stocks’ market caps are closest to PAH’s market cap.

As you can see these stocks had an average of 14.5 hedge funds with bullish positions and the average amount invested in these stocks was $113 million. That figure was $993 million in PAH’s case. Hawaiian Holdings, Inc. (NASDAQ:HA) is the most popular stock in this table. On the other hand Suburban Propane Partners LP (NYSE:SPH) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Platform Specialty Products Corp (NYSE:PAH) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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