Phibro Animal Health (NASDAQ:PAHC) Reaches New 12-Month High at $17.08

Shares of Phibro Animal Health Co. (NASDAQ:PAHC - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $17.08 and last traded at $16.78, with a volume of 19046 shares changing hands. The stock had previously closed at $16.70.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Phibro Animal Health from a "hold" rating to a "buy" rating in a report on Tuesday, April 9th.

Phibro Animal Health Price Performance

The business's fifty day moving average is $13.02 and its 200-day moving average is $11.83. The company has a debt-to-equity ratio of 1.66, a current ratio of 3.12 and a quick ratio of 1.60. The firm has a market cap of $662.18 million, a PE ratio of 46.39, a P/E/G ratio of 6.19 and a beta of 0.75.

Phibro Animal Health (NASDAQ:PAHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.33 earnings per share (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 business had revenue of $249.90 million during the quarter, compared to the consensus estimate of $242.91 million. On average, research analysts predict that Phibro Animal Health Co. will post 1.12 earnings per share for the current fiscal year.

Phibro Animal Health Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 2.94%. Phibro Animal Health's payout ratio is 133.33%.

Hedge Funds Weigh In On Phibro Animal Health

Several large investors have recently modified their holdings of PAHC. SG Americas Securities LLC purchased a new position in shares of Phibro Animal Health in the third quarter worth about $126,000. Illinois Municipal Retirement Fund purchased a new position in shares of Phibro Animal Health in the third quarter worth about $162,000. Jump Financial LLC purchased a new position in shares of Phibro Animal Health in the third quarter worth about $198,000. Barclays PLC increased its stake in shares of Phibro Animal Health by 59.8% in the third quarter. Barclays PLC now owns 35,638 shares of the company's stock worth $456,000 after purchasing an additional 13,332 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Phibro Animal Health by 20.9% in the third quarter. New York State Common Retirement Fund now owns 69,944 shares of the company's stock worth $893,000 after purchasing an additional 12,110 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Phibro Animal Health Company Profile

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.