Phibro Animal Health (NASDAQ:PAHC) Trading Down 6.2%

Shares of Phibro Animal Health Co. (NASDAQ:PAHC) dropped 6.2% during mid-day trading on Thursday . The stock traded as low as $16.06 and last traded at $16.12. Approximately 14,980 shares traded hands during trading, a decline of 90% from the average daily volume of 150,607 shares. The stock had previously closed at $17.18.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th.

Phibro Animal Health Stock Down 1.0 %

The firm has a fifty day moving average price of $13.48 and a 200 day moving average price of $12.03. The company has a quick ratio of 1.60, a current ratio of 3.12 and a debt-to-equity ratio of 1.66. The company has a market cap of $688.96 million, a P/E ratio of 46.92, a PEG ratio of 6.30 and a beta of 0.63.

Phibro Animal Health (NASDAQ:PAHC) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. Phibro Animal Health had a net margin of 1.51% and a return on equity of 16.67%. The firm had revenue of $249.90 million for the quarter, compared to analyst estimates of $242.91 million. Equities research analysts forecast that Phibro Animal Health Co. will post 1.12 earnings per share for the current year.

Phibro Animal Health Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.48 annualized dividend and a dividend yield of 2.82%. Phibro Animal Health’s dividend payout ratio (DPR) is currently 133.33%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAHC. SG Americas Securities LLC acquired a new stake in shares of Phibro Animal Health in the 3rd quarter valued at $126,000. Illinois Municipal Retirement Fund bought a new stake in Phibro Animal Health during the 3rd quarter worth about $162,000. Jump Financial LLC bought a new stake in Phibro Animal Health during the 3rd quarter worth about $198,000. Barclays PLC lifted its position in Phibro Animal Health by 59.8% during the 3rd quarter. Barclays PLC now owns 35,638 shares of the company’s stock valued at $456,000 after purchasing an additional 13,332 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Phibro Animal Health by 20.9% in the 3rd quarter. New York State Common Retirement Fund now owns 69,944 shares of the company’s stock valued at $893,000 after purchasing an additional 12,110 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

About Phibro Animal Health

Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.