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Jackson Creek Investment Advisors LLC Invests $1.41 Million in Phibro Animal Health Corporation (NASDAQ:PAHC)

Phibro Animal Health logo with Medical background

Jackson Creek Investment Advisors LLC bought a new position in Phibro Animal Health Corporation (NASDAQ:PAHC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 66,075 shares of the company's stock, valued at approximately $1,411,000. Jackson Creek Investment Advisors LLC owned approximately 0.16% of Phibro Animal Health as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Phibro Animal Health in the fourth quarter worth about $29,000. Lazard Asset Management LLC grew its stake in Phibro Animal Health by 2,739.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,647 shares of the company's stock valued at $34,000 after acquiring an additional 1,589 shares during the period. Aquatic Capital Management LLC purchased a new position in Phibro Animal Health in the 4th quarter valued at $69,000. Virtus Fund Advisers LLC purchased a new position in shares of Phibro Animal Health during the 4th quarter worth $69,000. Finally, Quantbot Technologies LP raised its holdings in shares of Phibro Animal Health by 65.1% during the 4th quarter. Quantbot Technologies LP now owns 5,116 shares of the company's stock worth $107,000 after acquiring an additional 2,018 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of Phibro Animal Health from an "underperform" rating to a "neutral" rating and set a $24.00 price target on the stock in a research note on Monday, June 16th. BNP Paribas raised Phibro Animal Health to a "hold" rating in a report on Monday, June 16th. JPMorgan Chase & Co. upgraded Phibro Animal Health from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $25.00 to $35.00 in a research note on Monday, July 7th. Morgan Stanley set a $26.00 price target on Phibro Animal Health and gave the stock an "equal weight" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded Phibro Animal Health from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $24.40.

Read Our Latest Analysis on PAHC

Phibro Animal Health Price Performance

Shares of PAHC traded down $0.27 during trading hours on Monday, reaching $29.14. 302,501 shares of the company traded hands, compared to its average volume of 225,288. The stock has a fifty day simple moving average of $25.87 and a 200 day simple moving average of $22.84. The company has a quick ratio of 1.23, a current ratio of 2.91 and a debt-to-equity ratio of 2.67. Phibro Animal Health Corporation has a fifty-two week low of $16.16 and a fifty-two week high of $31.80. The stock has a market capitalization of $1.18 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 0.49 and a beta of 0.75.

Phibro Animal Health (NASDAQ:PAHC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $347.80 million for the quarter, compared to the consensus estimate of $352.41 million. Phibro Animal Health had a return on equity of 30.51% and a net margin of 2.68%. As a group, research analysts predict that Phibro Animal Health Corporation will post 1.95 EPS for the current fiscal year.

Phibro Animal Health Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.12 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.65%. Phibro Animal Health's payout ratio is currently 61.54%.

Phibro Animal Health Profile

(Free Report)

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.

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

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