Capricorn Fund Managers Ltd decreased its stake in shares of Phibro Animal Health Corporation (NASDAQ:PAHC – Free Report) by 27.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,101 shares of the company’s stock after selling 68,827 shares during the quarter. Phibro Animal Health comprises about 1.7% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 22nd biggest holding. Capricorn Fund Managers Ltd owned about 0.45% of Phibro Animal Health worth $6,878,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in the stock. Hughes Financial Services LLC bought a new stake in Phibro Animal Health during the third quarter worth $40,000. iSAM Funds UK Ltd bought a new position in shares of Phibro Animal Health in the 3rd quarter valued at about $61,000. Advisory Services Network LLC acquired a new position in shares of Phibro Animal Health during the 3rd quarter worth about $96,000. EverSource Wealth Advisors LLC raised its holdings in shares of Phibro Animal Health by 7,671.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,720 shares of the company’s stock valued at $69,000 after purchasing an additional 2,685 shares during the period. Finally, Spire Wealth Management acquired a new stake in Phibro Animal Health in the 4th quarter valued at about $146,000. Institutional investors and hedge funds own 99.34% of the company’s stock.
Phibro Animal Health Price Performance
Shares of PAHC opened at $55.52 on Monday. The firm has a market cap of $2.25 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 0.85 and a beta of 0.69. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.22 and a current ratio of 3.05. Phibro Animal Health Corporation has a 52 week low of $16.16 and a 52 week high of $57.62. The firm’s 50-day simple moving average is $50.46 and its 200 day simple moving average is $43.89.
Phibro Animal Health Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.48 annualized dividend and a yield of 0.9%. Phibro Animal Health’s dividend payout ratio (DPR) is presently 21.33%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on PAHC. Zacks Research upgraded Phibro Animal Health from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Phibro Animal Health in a research report on Monday, December 29th. Finally, Morgan Stanley set a $49.00 target price on Phibro Animal Health in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.50.
Get Our Latest Report on Phibro Animal Health
Insiders Place Their Bets
In other news, CEO Jack Bendheim sold 110,842 shares of Phibro Animal Health stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $48.38, for a total transaction of $5,362,535.96. Following the completion of the sale, the chief executive officer owned 122,958 shares of the company’s stock, valued at approximately $5,948,708.04. This trade represents a 47.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 316,800 shares of company stock worth $15,278,569. 50.13% of the stock is owned by company insiders.
About Phibro Animal Health
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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