Phibro Animal Health Corp (PAHC) Position Increased by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC increased its holdings in shares of Phibro Animal Health Corp (NASDAQ:PAHC) by 30.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,668 shares of the company’s stock after buying an additional 5,022 shares during the quarter. Stone Ridge Asset Management LLC owned 0.05% of Phibro Animal Health worth $697,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in shares of Phibro Animal Health by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 10,756 shares of the company’s stock worth $346,000 after buying an additional 419 shares during the last quarter. Algert Global LLC lifted its position in shares of Phibro Animal Health by 1.6% during the 4th quarter. Algert Global LLC now owns 28,849 shares of the company’s stock worth $928,000 after buying an additional 464 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Phibro Animal Health by 4.5% during the 4th quarter. Texas Permanent School Fund now owns 13,225 shares of the company’s stock worth $425,000 after buying an additional 564 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Phibro Animal Health by 52.3% during the 4th quarter. Advisors Asset Management Inc. now owns 2,536 shares of the company’s stock worth $82,000 after buying an additional 871 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Phibro Animal Health by 17.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 8,205 shares of the company’s stock worth $292,000 after buying an additional 1,225 shares during the last quarter. Institutional investors and hedge funds own 49.97% of the company’s stock.

Several brokerages recently weighed in on PAHC. BidaskClub upgraded Phibro Animal Health from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded Phibro Animal Health from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Phibro Animal Health from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Phibro Animal Health presently has an average rating of “Hold” and a consensus price target of $43.50.

Phibro Animal Health stock opened at $31.73 on Monday. The company has a quick ratio of 1.83, a current ratio of 3.25 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 3.39 and a beta of 0.60. Phibro Animal Health Corp has a 12 month low of $28.28 and a 12 month high of $54.62.

Phibro Animal Health (NASDAQ:PAHC) last posted its earnings results on Wednesday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). The firm had revenue of $218.20 million during the quarter, compared to the consensus estimate of $211.59 million. Phibro Animal Health had a net margin of 8.69% and a return on equity of 36.37%. Phibro Animal Health’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. On average, research analysts anticipate that Phibro Animal Health Corp will post 1.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.48 annualized dividend and a yield of 1.51%. Phibro Animal Health’s dividend payout ratio is presently 27.59%.

In other news, VP Daniel M. Bendheim sold 5,000 shares of the stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $32.43, for a total value of $162,150.00. Following the completion of the sale, the vice president now owns 2,500 shares of the company’s stock, valued at $81,075. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Daniel M. Bendheim sold 2,390 shares of the stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $31.15, for a total value of $74,448.50. Following the completion of the sale, the vice president now directly owns 2,500 shares of the company’s stock, valued at approximately $77,875. The disclosure for this sale can be found here. Insiders sold 51,450 shares of company stock valued at $1,641,797 over the last quarter. Corporate insiders own 50.29% of the company’s stock.

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Phibro Animal Health Profile

Phibro Animal Health Corporation operates as a diversified animal health and mineral nutrition company primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture.

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Institutional Ownership by Quarter for Phibro Animal Health (NASDAQ:PAHC)

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