Insider Selling: Phibro Animal Health Corp (PAHC) COO Sells 54,572 Shares of Stock

Phibro Animal Health Corp (NASDAQ:PAHC) COO Larry Lee Miller sold 54,572 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $35.36, for a total transaction of $1,929,665.92. Following the completion of the transaction, the chief operating officer now owns 8,582 shares in the company, valued at $303,459.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Larry Lee Miller also recently made the following trade(s):

  • On Friday, February 9th, Larry Lee Miller sold 14,182 shares of Phibro Animal Health stock. The shares were sold at an average price of $35.49, for a total transaction of $503,319.18.

Shares of Phibro Animal Health Corp (NASDAQ:PAHC) traded down $0.40 during mid-day trading on Tuesday, hitting $35.05. 109,103 shares of the stock were exchanged, compared to its average volume of 80,197. Phibro Animal Health Corp has a 12 month low of $26.70 and a 12 month high of $40.25. The firm has a market capitalization of $1,428.79, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.52 and a beta of 1.18. The company has a debt-to-equity ratio of 1.82, a current ratio of 3.12 and a quick ratio of 1.75.

Phibro Animal Health (NASDAQ:PAHC) last announced its earnings results on Monday, February 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.06. Phibro Animal Health had a net margin of 7.90% and a return on equity of 40.49%. The company had revenue of $205.90 million for the quarter, compared to analyst estimates of $194.90 million. During the same period in the prior year, the business earned $0.39 earnings per share. Phibro Animal Health’s quarterly revenue was up 7.5% on a year-over-year basis. equities research analysts anticipate that Phibro Animal Health Corp will post 1.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.14%. Phibro Animal Health’s payout ratio is 26.14%.

Several hedge funds have recently made changes to their positions in PAHC. First Manhattan Co. acquired a new position in shares of Phibro Animal Health during the fourth quarter worth approximately $100,000. Dean Capital Investments Management LLC acquired a new position in shares of Phibro Animal Health during the fourth quarter worth approximately $200,000. Susquehanna International Group LLP acquired a new position in shares of Phibro Animal Health during the second quarter worth approximately $219,000. Teacher Retirement System of Texas acquired a new position in shares of Phibro Animal Health during the fourth quarter worth approximately $224,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Phibro Animal Health during the fourth quarter worth approximately $253,000. Institutional investors own 48.42% of the company’s stock.

A number of equities analysts have commented on PAHC shares. BidaskClub lowered shares of Phibro Animal Health from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Piper Jaffray Companies restated a “buy” rating and issued a $42.00 price target on shares of Phibro Animal Health in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Phibro Animal Health from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. Finally, ValuEngine lowered shares of Phibro Animal Health from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.20.

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Phibro Animal Health Company Profile

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 (NASDAQ:PAHC)

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