Insider selling at Phibro Animal Health Corp. (NYSE: PAHC) totaled $1,201,595 across several transactions executed between April 14 and April 16, 2026, according to a company filing. The sellers identified were director Jack Bendheim and BFI Co., LLC, a reported 10% owner.
The stock has been trading near recent highs - $53.88 at the time of reporting and close to a 52-week peak of $60.08 - after a year that produced a 216% gain for the shares. Investment research from InvestingPro included with the filing notes that PAHC currently appears overvalued relative to its Fair Value and that 10 additional ProTips are available to subscribers.
Transaction details
- April 14: 6,548 shares sold at an average price of $59.0338; 492 shares sold at an average price of $59.6924.
- April 15: 2,623 shares sold at an average price of $56.2691; 3,618 shares sold at an average price of $57.2099; 799 shares sold at an average price of $58.1126.
- April 16: 5,190 shares sold at an average price of $54.5552; 1,850 shares sold at an average price of $54.8759.
The aggregate proceeds from those sales totaled $1,201,595. All of the trades were attributed to BFI Co., LLC.
In addition to the sales, BFI Co., LLC converted 100,000 shares of Class B Common Stock into Class A Common Stock on April 16.
Post-transaction holdings
- BFI Co., LLC now indirectly holds 117,000 shares of Class A Common Stock and 19,496,034 shares of Class B Common Stock.
- Jack Bendheim directly holds 16,840 shares of Class A Common Stock.
Recent company performance
Phibro Animal Health reported fiscal second-quarter 2026 results that exceeded consensus expectations. The company posted earnings per share of $0.87, compared with the $0.68 analysts had forecast - a surprise of 27.94%. Quarterly revenue was $373.9 million, ahead of the $355.24 million that had been expected, representing a 5.25% beat.
The filing and accompanying commentary noted that the earnings beat has drawn attention from industry analysts focused on animal health, though the record did not specify any particular upgrades or downgrades from those firms.
Context and implications
The disclosed insider dispositions and the conversion of Class B shares to Class A provide a snapshot of recent ownership changes while the stock trades near annual highs and following a strong quarterly performance. InvestingPro’s valuation view, cited in the filing, characterizes the shares as appearing overvalued relative to Fair Value; additional proprietary tips are available to subscribers per the same analysis.
While the transactions and conversion alter the mix of share classes and confirm some liquidity taken by a significant holder, the filing does not include commentary on the motivations for the sales or any forward guidance tied to these ownership moves.