Phibro Animal Health Corp (NASDAQ:PAHC)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $28.82 and last traded at $28.80, with a volume of 118432 shares trading hands. The stock had previously closed at $29.28.
Several equities analysts have weighed in on PAHC shares. Zacks Investment Research upgraded Phibro Animal Health from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. BidaskClub upgraded Phibro Animal Health from a “sell” rating to a “hold” rating in a research note on Monday, December 24th. Finally, ValuEngine lowered Phibro Animal Health from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average price target of $43.50.
The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.07 and a beta of 0.63. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.25 and a quick ratio of 1.83.
Phibro Animal Health (NASDAQ:PAHC) last released its earnings results on Wednesday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Phibro Animal Health had a return on equity of 36.37% and a net margin of 8.69%. The firm had revenue of $218.20 million for the quarter, compared to analyst estimates of $211.59 million. During the same period last year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Phibro Animal Health Corp will post 1.7 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Tuesday, March 5th. Phibro Animal Health’s dividend payout ratio (DPR) is presently 27.59%.
In other Phibro Animal Health news, VP Daniel M. Bendheim sold 2,500 shares of Phibro Animal Health stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $31.55, for a total transaction of $78,875.00. Following the sale, the vice president now directly owns 2,500 shares of the company’s stock, valued at $78,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel M. Bendheim sold 5,000 shares of Phibro Animal Health stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $32.43, for a total value of $162,150.00. Following the sale, the vice president now directly owns 2,500 shares in the company, valued at $81,075. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,450 shares of company stock worth $1,641,797. 50.29% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new stake in Phibro Animal Health during the fourth quarter valued at approximately $60,000. Advisors Asset Management Inc. boosted its holdings in shares of Phibro Animal Health by 52.3% in the 4th quarter. Advisors Asset Management Inc. now owns 2,536 shares of the company’s stock worth $82,000 after acquiring an additional 871 shares in the last quarter. Quantbot Technologies LP bought a new position in Phibro Animal Health in the 3rd quarter worth approximately $115,000. Sun Life Financial INC raised its position in Phibro Animal Health by 30.5% in the 4th quarter. Sun Life Financial INC now owns 5,675 shares of the company’s stock worth $183,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Phibro Animal Health in the 3rd quarter worth approximately $206,000. 50.38% of the stock is currently owned by institutional investors.
Phibro Animal Health Company Profile (NASDAQ:PAHC)
Phibro Animal Health Corporation operates as a diversified animal health and mineral nutrition company primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture.
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