Cardinal Capital Management Has $940,000 Holdings in Phibro Animal Health Co. (NASDAQ:PAHC)

Cardinal Capital Management increased its position in shares of Phibro Animal Health Co. (NASDAQ:PAHC) by 4.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,027 shares of the company’s stock after buying an additional 2,520 shares during the period. Cardinal Capital Management owned 0.14% of Phibro Animal Health worth $940,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. CWM LLC grew its stake in shares of Phibro Animal Health by 89.8% in the 2nd quarter. CWM LLC now owns 2,188 shares of the company’s stock valued at $37,000 after buying an additional 1,035 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Phibro Animal Health during the first quarter valued at about $46,000. China Universal Asset Management Co. Ltd. boosted its holdings 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. Quest Partners LLC bought a new stake in Phibro Animal Health in the 4th quarter worth about $56,000. Finally, Nisa Investment Advisors LLC grew its stake in Phibro Animal Health by 19.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,500 shares of the company’s stock valued at $98,000 after purchasing an additional 1,370 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Phibro Animal Health Stock Up 0.9 %

Shares of PAHC stock traded up $0.15 during trading hours on Friday, hitting $17.61. 63,338 shares of the company’s stock traded hands, compared to its average volume of 140,236. The company has a quick ratio of 1.67, a current ratio of 3.16 and a debt-to-equity ratio of 1.69. The stock has a market cap of $713.26 million, a price-to-earnings ratio of 55.03, a PEG ratio of 4.83 and a beta of 0.57. Phibro Animal Health Co. has a 12-month low of $9.40 and a 12-month high of $19.55. The stock’s fifty day simple moving average is $17.68 and its two-hundred day simple moving average is $15.16.

Phibro Animal Health (NASDAQ:PAHC) last posted its earnings results on Wednesday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Phibro Animal Health had a net margin of 1.32% and a return on equity of 17.11%. The business had revenue of $263.20 million for the quarter, compared to analysts’ expectations of $251.82 million. On average, analysts expect that Phibro Animal Health Co. will post 1.12 EPS for the current year.

Phibro Animal Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.48 dividend on an annualized basis and a yield of 2.73%. Phibro Animal Health’s dividend payout ratio is presently 150.00%.

Analysts Set New Price Targets

Separately, Barclays raised their target price on Phibro Animal Health from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.75.

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.