CastleKnight Management LP decreased its position in shares of Phibro Animal Health Corporation (NASDAQ:PAHC – Free Report) by 39.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,897 shares of the company’s stock after selling 158,886 shares during the period. CastleKnight Management LP owned approximately 0.59% of Phibro Animal Health worth $9,000,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. 1620 Investment Advisors Inc. increased its position in Phibro Animal Health by 77.4% during the fourth quarter. 1620 Investment Advisors Inc. now owns 676 shares of the company’s stock valued at $25,000 after acquiring an additional 295 shares during the last quarter. Farther Finance Advisors LLC increased its position in Phibro Animal Health by 113.2% during the fourth quarter. Farther Finance Advisors LLC now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 386 shares during the last quarter. Rothschild Investment LLC increased its position in Phibro Animal Health by 2,500.0% during the fourth quarter. Rothschild Investment LLC now owns 1,040 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the last quarter. Hughes Financial Services LLC bought a new position in Phibro Animal Health during the third quarter valued at $40,000. Finally, iSAM Funds UK Ltd bought a new position in Phibro Animal Health during the third quarter valued at $61,000. Institutional investors own 99.34% of the company’s stock.
Phibro Animal Health Trading Down 3.2%
NASDAQ PAHC opened at $30.84 on Thursday. The company’s 50-day moving average price is $42.46 and its 200-day moving average price is $44.53. The company has a current ratio of 3.17, a quick ratio of 1.26 and a debt-to-equity ratio of 1.97. The stock has a market cap of $1.25 billion, a PE ratio of 13.24, a PEG ratio of 0.48 and a beta of 0.46. Phibro Animal Health Corporation has a 12 month low of $23.57 and a 12 month high of $60.08.
Phibro Animal Health Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. Phibro Animal Health’s dividend payout ratio is presently 20.60%.
Insider Transactions at Phibro Animal Health
In other Phibro Animal Health news, CEO Jack Bendheim sold 7,040 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.80, for a total transaction of $392,832.00. Following the transaction, the chief executive officer directly owned 67,720 shares in the company, valued at $3,778,776. This represents a 9.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 46,768 shares of company stock worth $2,560,222. 50.13% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on PAHC shares. Wall Street Zen cut shares of Phibro Animal Health from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Citigroup cut their price objective on shares of Phibro Animal Health from $62.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Zacks Research cut shares of Phibro Animal Health from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings cut shares of Phibro Animal Health from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.50.
Get Our Latest Stock Analysis on PAHC
Phibro Animal Health Company Profile
Phibro Animal Health Corporation (NASDAQ: PAHC) is a diversified global animal health and mineral nutrition company headquartered in Teaneck, New Jersey. The company develops, manufactures and markets a broad range of pharmaceutical, mineral nutrition and performance products designed to support the health and productivity of livestock, companion animals and aquaculture species. Phibro’s portfolio includes vaccines, anti-infective therapies, coccidiostats, disinfectants, premix minerals and specialty feed additives aimed at enhancing growth, immunity and overall animal well-being.
The company operates through three principal business segments: Animal Health, Mineral Nutrition and Performance Products.
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