Phibro Animal Health (NASDAQ:PAHC) Shares Gap Up to $12.73

Phibro Animal Health Co. (NASDAQ:PAHC - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $12.73, but opened at $13.60. Phibro Animal Health shares last traded at $14.63, with a volume of 113,783 shares changing hands.

Analyst Ratings Changes

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

Phibro Animal Health Stock Up 31.8 %

The firm has a 50-day simple moving average of $12.93 and a two-hundred day simple moving average of $11.80. The stock has a market cap of $679.59 million, a P/E ratio of 46.61, a PEG ratio of 4.70 and a beta of 0.75. The company has a current ratio of 3.12, a quick ratio of 1.60 and a debt-to-equity ratio of 1.66.

Phibro Animal Health (NASDAQ:PAHC - Get Free Report) last announced its earnings results 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 firm had revenue of $249.90 million for the quarter, compared to analyst estimates of $242.91 million. Equities research analysts expect that Phibro Animal Health Co. will post 1.12 earnings per share for the current fiscal year.

Phibro Animal Health Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Tuesday, March 5th. Phibro Animal Health's payout ratio is currently 133.33%.

Hedge Funds Weigh In On Phibro Animal Health

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Phibro Animal Health by 8.4% during the 1st quarter. Principal Financial Group Inc. now owns 114,869 shares of the company's stock worth $1,485,000 after acquiring an additional 8,884 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in Phibro Animal Health by 65.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 3,888 shares of the company's stock worth $50,000 after purchasing an additional 1,531 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Phibro Animal Health by 78.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 81,608 shares of the company's stock valued at $1,055,000 after purchasing an additional 35,788 shares in the last quarter. Cardinal Capital Management increased its stake in shares of Phibro Animal Health by 43.1% in the 1st quarter. Cardinal Capital Management now owns 53,507 shares of the company's stock valued at $692,000 after purchasing an additional 16,112 shares during the last quarter. Finally, Bridge City Capital LLC raised its holdings in shares of Phibro Animal Health by 3.3% during the 1st quarter. Bridge City Capital LLC now owns 137,694 shares of the company's stock worth $1,780,000 after buying an additional 4,433 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

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.