Insider Selling: Bfi Co., Llc Unloads 223,075 Shares of Phibro Animal Health Corp Stock (PAHC)
Phibro Animal Health Corp (NASDAQ:PAHC) major shareholder Bfi Co., Llc sold 223,075 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $20.51, for a total transaction of $4,575,268.25. Following the completion of the sale, the insider now directly owns 21,512,275 shares in the company, valued at approximately $441,216,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on PAHC. Analysts at Macquarie initiated coverage on shares of Phibro Animal Health Corp in a research note on Thursday, May 29th. They set an “outperform” rating and a $23.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Phibro Animal Health Corp in a research note on Tuesday, May 6th. They set a “buy” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Phibro Animal Health Corp in a research note on Tuesday, May 6th. They set an “overweight” rating and a $19.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $22.00.
Phibro Animal Health Corp (NASDAQ:PAHC) traded down 2.10% on Monday, hitting $18.61. The stock had a trading volume of 64,062 shares. Phibro Animal Health Corp has a one year low of $1.60 and a one year high of $23.74. The stock’s 50-day moving average is $20.50 and its 200-day moving average is $18.98. The company has a market cap of $721.9 million and a price-to-earnings ratio of 28.25.
Phibro Animal Health Corp (NASDAQ:PAHC) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.07. The company had revenue of $173.30 million for the quarter, compared to the consensus estimate of $162.70 million. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Phibro Animal Health Corp will post $1.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, August 29th.
Phibro Animal Health Corporation (NASDAQ:PAHC) is a diversified animal health and mineral nutrition company.
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