Phibro Animal Health (NASDAQ:PAHC) Stock Price Down 6.4%

Phibro Animal Health Co. (NASDAQ:PAHC)’s share price was down 6.4% during mid-day trading on Thursday . The stock traded as low as $18.97 and last traded at $19.47. Approximately 36,979 shares traded hands during trading, a decline of 74% from the average daily volume of 143,407 shares. The stock had previously closed at $20.81.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price objective on shares of Phibro Animal Health from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.75.

Phibro Animal Health Stock Performance

The stock has a market cap of $867.57 million, a P/E ratio of 65.88, a price-to-earnings-growth ratio of 4.71 and a beta of 0.57. The company has a current ratio of 3.16, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. The stock has a 50 day simple moving average of $18.10 and a 200 day simple moving average of $15.90.

Phibro Animal Health (NASDAQ:PAHC) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $273.16 million for the quarter, compared to analysts’ expectations of $262.44 million. Phibro Animal Health had a return on equity of 17.11% and a net margin of 1.32%. On average, equities analysts expect that Phibro Animal Health Co. will post 1.12 earnings per share for the current year.

Phibro Animal Health Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, September 4th. Phibro Animal Health’s payout ratio is presently 150.00%.

Institutional Trading of Phibro Animal Health

A number of institutional investors and hedge funds have recently made changes to their positions in PAHC. CWM LLC raised its position in Phibro Animal Health by 89.8% during the second quarter. CWM LLC now owns 2,188 shares of the company’s stock valued at $37,000 after purchasing an additional 1,035 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Phibro Animal Health in the 1st quarter valued at $46,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of Phibro Animal Health by 65.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 3,888 shares of the company’s stock worth $50,000 after buying an additional 1,531 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Phibro Animal Health during the 4th quarter worth $56,000. Finally, Summit Securities Group LLC bought a new stake in shares of Phibro Animal Health during the 2nd quarter worth $83,000. Institutional investors 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.