In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Phibro Animal Health Corp (NASDAQ:PAHC) reported that Bfi Co., Llc. has picked up 20,638,836 of common stock as of 2017-07-14.
The acquisition brings the aggregate amount owned by Bfi Co., Llc. to a total of 20,638,836 representing a 51.8% stake in the company.
For those not familiar with the company, Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products. The Company also manufactures and markets specific ingredients for use in the personal care, automotive, industrial chemical and chemical catalyst industries. The Company’s Medicated Feed Additives (MFAs) and other business consist of concentrated medicated products, which are administered through animal feeds. The Company’s MFAs and other business consists of the production and sale of antibacterials, including Stafac, Terramycin, Neo-Terramycin and Mecadox and anticoccidials, including Nicarb, Aviax, Aviax Plus, Coxistac and amprolium.
A glance at Phibro Animal Health Corp (NASDAQ:PAHC)’s key stats reveals a current market capitalization of $1.48 Billion based on $18.75 Million shares outstanding and a price at last close of $37.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-19, Corcoran picked up 5,000 at a purchase price of $18.14. This brings their total holding to 10,000 as of the date of the filing.
On the sell side, the most recent transaction saw Bfi unload 16,000 shares at a sale price of $36.00. This brings their total holding to 12,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Phibro Animal Health Corp (NASDAQ:PAHC) as things move forward to see if its progress aligns with these transactions.
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