Richard G. Johnson Sells 55,529 Shares of Phibro Animal Health Corporation (PAHC) Stock

Phibro Animal Health Corporation (NASDAQ:PAHC) CFO Richard G. Johnson sold 55,529 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $36.30, for a total value of $2,015,702.70. Following the completion of the sale, the chief financial officer now directly owns 15,900 shares in the company, valued at approximately $577,170. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Phibro Animal Health Corporation (PAHC) opened at 35.75 on Friday. Phibro Animal Health Corporation has a 52-week low of $24.83 and a 52-week high of $40.25. The company has a market cap of $1.43 billion, a P/E ratio of 22.20 and a beta of 1.36. The stock’s 50 day moving average price is $37.99 and its 200-day moving average price is $33.77.

Phibro Animal Health Corporation (NASDAQ:PAHC) last announced its quarterly earnings results on Wednesday, August 30th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. Phibro Animal Health Corporation had a return on equity of 47.88% and a net margin of 8.45%. The company had revenue of $194.84 million during the quarter, compared to analysts’ expectations of $192.47 million. During the same period in the prior year, the company earned $0.32 EPS. Phibro Animal Health Corporation’s revenue was up 3.0% compared to the same quarter last year. Equities analysts expect that Phibro Animal Health Corporation will post $1.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, September 1st. Phibro Animal Health Corporation’s dividend payout ratio is currently 24.69%.

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Several brokerages have recently weighed in on PAHC. Piper Jaffray Companies set a $42.00 price objective on Phibro Animal Health Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. BidaskClub downgraded Phibro Animal Health Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Bank of America Corporation restated an “underperform” rating and set a $33.00 target price on shares of Phibro Animal Health Corporation in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group downgraded Phibro Animal Health Corporation from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $29.00 to $36.00 in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Phibro Animal Health Corporation currently has an average rating of “Hold” and an average target price of $34.00.

Large investors have recently made changes to their positions in the stock. Mason Street Advisors LLC raised its position in Phibro Animal Health Corporation by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 4,333 shares of the company’s stock worth $122,000 after purchasing an additional 286 shares during the last quarter. Victory Capital Management Inc. raised its position in Phibro Animal Health Corporation by 79.2% during the 1st quarter. Victory Capital Management Inc. now owns 4,573 shares of the company’s stock worth $129,000 after purchasing an additional 2,021 shares during the last quarter. State of Alaska Department of Revenue raised its position in Phibro Animal Health Corporation by 80.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,690 shares of the company’s stock worth $136,000 after purchasing an additional 1,650 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Phibro Animal Health Corporation by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,370 shares of the company’s stock worth $162,000 after purchasing an additional 150 shares during the last quarter. Finally, KBC Group NV bought a new position in Phibro Animal Health Corporation during the 2nd quarter worth $166,000. 48.35% of the stock is owned by institutional investors and hedge funds.

About Phibro Animal Health Corporation

Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products.

Insider Buying and Selling by Quarter for Phibro Animal Health Corporation (NASDAQ:PAHC)

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