Phibro Animal Health (NASDAQ:PAHC) Shares Down 3.9%

Phibro Animal Health Co. (NASDAQ:PAHC) dropped 3.9% during mid-day trading on Friday . The company traded as low as $16.45 and last traded at $16.47. Approximately 11,710 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 143,369 shares. The stock had previously closed at $17.14.

Analyst Upgrades and Downgrades

PAHC has been the topic of a number of recent research reports. StockNews.com upgraded shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Barclays lifted their price objective on shares of Phibro Animal Health from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.75.

Phibro Animal Health Stock Down 2.8 %

The company has a debt-to-equity ratio of 1.69, a current ratio of 3.16 and a quick ratio of 1.67. The firm’s 50 day moving average is $17.41 and its two-hundred day moving average is $13.96. The firm has a market capitalization of $674.73 million, a P/E ratio of 51.75, a PEG ratio of 4.49 and a beta of 0.57.

Phibro Animal Health (NASDAQ:PAHC) last released its earnings results on Wednesday, May 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Phibro Animal Health had a net margin of 1.32% and a return on equity of 17.11%. The business had revenue of $263.20 million during the quarter, compared to analysts’ expectations of $251.82 million. Research analysts predict that Phibro Animal Health Co. will post 1.13 EPS for the current year.

Phibro Animal Health Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.48 dividend on an annualized basis and a yield of 2.88%. Phibro Animal Health’s dividend payout ratio (DPR) is 150.00%.

Institutional Investors Weigh In On Phibro Animal Health

Hedge funds and other institutional investors have recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Phibro Animal Health by 358.6% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 2,357 shares of the company’s stock worth $27,000 after buying an additional 1,843 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Phibro Animal Health during the first quarter worth $46,000. Quest Partners LLC acquired a new stake in shares of Phibro Animal Health during the fourth quarter worth $56,000. Tower Research Capital LLC TRC lifted its holdings in shares of Phibro Animal Health by 549.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,200 shares of the company’s stock worth $95,000 after buying an additional 6,938 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Phibro Animal Health by 19.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,500 shares of the company’s stock worth $98,000 after buying an additional 1,370 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

About Phibro Animal Health

Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.