Phibro Animal Health Corporation (NASDAQ:PAHC – Get Free Report) CEO Jack Bendheim sold 2,932 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $40.02, for a total transaction of $117,338.64. Following the sale, the chief executive officer directly owned 44,525 shares of the company’s stock, valued at $1,781,890.50. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Jack Bendheim also recently made the following trade(s):
- On Wednesday, January 14th, Jack Bendheim sold 3,651 shares of Phibro Animal Health stock. The stock was sold at an average price of $40.53, for a total transaction of $147,975.03.
- On Tuesday, January 13th, Jack Bendheim sold 7,551 shares of Phibro Animal Health stock. The shares were sold at an average price of $40.32, for a total transaction of $304,456.32.
- On Friday, January 9th, Jack Bendheim sold 213 shares of Phibro Animal Health stock. The stock was sold at an average price of $40.16, for a total value of $8,554.08.
- On Wednesday, January 7th, Jack Bendheim sold 328 shares of Phibro Animal Health stock. The stock was sold at an average price of $40.09, for a total value of $13,149.52.
- On Thursday, December 11th, Jack Bendheim sold 5,752 shares of Phibro Animal Health stock. The stock was sold at an average price of $40.93, for a total transaction of $235,429.36.
- On Tuesday, December 9th, Jack Bendheim sold 1,288 shares of Phibro Animal Health stock. The shares were sold at an average price of $40.19, for a total transaction of $51,764.72.
- On Monday, December 8th, Jack Bendheim sold 3,520 shares of Phibro Animal Health stock. The shares were sold at an average price of $40.06, for a total transaction of $141,011.20.
- On Wednesday, December 3rd, Jack Bendheim sold 3,520 shares of Phibro Animal Health stock. The stock was sold at an average price of $40.77, for a total transaction of $143,510.40.
- On Tuesday, November 25th, Jack Bendheim sold 7,040 shares of Phibro Animal Health stock. The shares were sold at an average price of $43.93, for a total transaction of $309,267.20.
- On Wednesday, November 26th, Jack Bendheim sold 5,280 shares of Phibro Animal Health stock. The shares were sold at an average price of $44.02, for a total transaction of $232,425.60.
Phibro Animal Health Stock Up 0.5%
Shares of NASDAQ:PAHC traded up $0.19 during midday trading on Thursday, hitting $40.06. 176,958 shares of the stock were exchanged, compared to its average volume of 194,706. The company has a market capitalization of $1.62 billion, a PE ratio of 24.13, a P/E/G ratio of 1.14 and a beta of 0.79. Phibro Animal Health Corporation has a 52-week low of $16.16 and a 52-week high of $46.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.35 and a current ratio of 3.09. The business’s fifty day simple moving average is $40.70 and its two-hundred day simple moving average is $36.90.
Phibro Animal Health Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 26th were issued a $0.12 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Phibro Animal Health’s dividend payout ratio is currently 28.92%.
Wall Street Analyst Weigh In
PAHC has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Phibro Animal Health from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Zacks Research raised shares of Phibro Animal Health from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Phibro Animal Health in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.40.
Check Out Our Latest Stock Report on PAHC
Institutional Trading of Phibro Animal Health
A number of institutional investors and hedge funds have recently modified their holdings of PAHC. Financial Management Professionals Inc. bought a new stake in shares of Phibro Animal Health during the 2nd quarter worth $32,000. Hughes Financial Services LLC bought a new position in Phibro Animal Health in the 3rd quarter worth $40,000. iSAM Funds UK Ltd acquired a new position in Phibro Animal Health during the 3rd quarter worth $61,000. EverSource Wealth Advisors LLC lifted its position in Phibro Animal Health by 7,671.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,720 shares of the company’s stock worth $69,000 after acquiring an additional 2,685 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Phibro Animal Health during the third quarter valued at about $96,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.
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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