Phibro Animal Health Corporation (PAHC) Major Shareholder Bfi Co., Llc Sells 48,000 Shares

Phibro Animal Health Corporation (NASDAQ:PAHC) major shareholder Bfi Co., Llc sold 48,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $34.82, for a total transaction of $1,671,360.00. Following the completion of the sale, the insider now owns 96,000 shares of the company’s stock, valued at $3,342,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Phibro Animal Health Corporation (PAHC) traded up 3.30% on Friday, hitting $36.00. 371,077 shares of the company were exchanged. Phibro Animal Health Corporation has a 52 week low of $17.96 and a 52 week high of $36.40. The company has a 50 day moving average price of $33.74 and a 200-day moving average price of $29.57. The stock has a market capitalization of $1.43 billion, a P/E ratio of 22.36 and a beta of 1.35.

Phibro Animal Health Corporation (NASDAQ:PAHC) last released its earnings results on Monday, May 8th. The company reported $0.37 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.37. Phibro Animal Health Corporation had a net margin of 8.49% and a return on equity of 54.68%. The firm had revenue of $190 million for the quarter, compared to the consensus estimate of $185.90 million. During the same period in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Phibro Animal Health Corporation will post $1.45 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Phibro Animal Health Corporation (NASDAQ:PAHC)

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Wednesday, May 31st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, May 26th. Phibro Animal Health Corporation’s dividend payout ratio (DPR) is 24.69%.

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A number of hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC increased its stake in shares of Phibro Animal Health Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 4,333 shares of the company’s stock valued at $122,000 after buying an additional 286 shares during the period. Victory Capital Management Inc. increased its stake in shares of Phibro Animal Health Corporation by 79.2% in the first quarter. Victory Capital Management Inc. now owns 4,573 shares of the company’s stock valued at $129,000 after buying an additional 2,021 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Phibro Animal Health Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock valued at $211,000 after buying an additional 100 shares during the period. CAPROCK Group Inc. purchased a new stake in shares of Phibro Animal Health Corporation during the first quarter valued at approximately $213,000. Finally, New York State Teachers Retirement System increased its stake in shares of Phibro Animal Health Corporation by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 7,343 shares of the company’s stock valued at $215,000 after buying an additional 100 shares during the period. 47.60% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on PAHC shares. BidaskClub cut shares of Phibro Animal Health Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Credit Suisse Group cut shares of Phibro Animal Health Corporation from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $29.00 to $36.00 in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Phibro Animal Health Corporation from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Phibro Animal Health Corporation has a consensus rating of “Hold” and a consensus target price of $30.33.

About Phibro Animal Health Corporation

Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products.

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