Phibro Animal Health Corporation (NASDAQ:PAHC – Get Free Report) CEO Jack Bendheim sold 1,235 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $40.55, for a total transaction of $50,079.25. Following the completion of the transaction, the chief executive officer directly owned 15,445 shares in the company, valued at approximately $626,294.75. This represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Jack Bendheim also recently made the following trade(s):
- On Thursday, January 22nd, Jack Bendheim sold 13,158 shares of Phibro Animal Health stock. The stock was sold at an average price of $41.98, for a total transaction of $552,372.84.
- On Wednesday, January 21st, Jack Bendheim sold 14,687 shares of Phibro Animal Health stock. The stock was sold at an average price of $41.68, for a total transaction of $612,154.16.
- On Thursday, January 15th, Jack Bendheim sold 2,932 shares of Phibro Animal Health stock. The stock was sold at an average price of $40.02, for a total value of $117,338.64.
- 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 value of $147,975.03.
- On Tuesday, January 13th, Jack Bendheim sold 7,551 shares of Phibro Animal Health stock. The stock was 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 shares were sold at an average price of $40.16, for a total transaction of $8,554.08.
- On Wednesday, January 7th, Jack Bendheim sold 328 shares of Phibro Animal Health stock. The shares were 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 shares were sold at an average price of $40.93, for a total value 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.
Phibro Animal Health Stock Down 1.8%
NASDAQ:PAHC opened at $38.80 on Thursday. The company has a current ratio of 3.09, a quick ratio of 1.35 and a debt-to-equity ratio of 2.32. The stock has a 50 day moving average of $39.92 and a 200-day moving average of $37.69. The firm has a market capitalization of $1.57 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.12 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.
Phibro Animal Health Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, November 26th. Phibro Animal Health’s dividend payout ratio is currently 28.92%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on PAHC. JPMorgan Chase & Co. boosted their price target on shares of Phibro Animal Health from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Phibro Animal Health in a report on Monday, December 29th. Finally, Zacks Research raised Phibro Animal Health from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Phibro Animal Health has an average rating of “Hold” and an average target price of $31.40.
View Our Latest Analysis on Phibro Animal Health
Hedge Funds Weigh In On Phibro Animal Health
Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Phibro Animal Health by 113.2% in the 4th quarter. Farther Finance Advisors LLC now owns 727 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Phibro Animal Health in the third quarter worth $40,000. iSAM Funds UK Ltd bought a new stake in shares of Phibro Animal Health during the 3rd quarter worth $61,000. Advisory Services Network LLC acquired a new position in Phibro Animal Health in the 3rd quarter valued at $96,000. Finally, EverSource Wealth Advisors LLC grew its stake in 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 buying an additional 2,685 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.
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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