Elanco Animal Health Inc (NYSE:ELAT)'s stock price was down 1.2% during trading on Monday . The company traded as low as $19.10 and last traded at $19.26. Approximately 506 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 20,720 shares. The stock had previously closed at $19.50.
Wall Street Analyst Weigh In
Separately, TheStreet cut shares of Elanco Animal Health from a "c-" rating to a "d+" rating in a report on Wednesday, August 31st.
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Elanco Animal Health Price Performance
The firm's 50-day moving average is $21.16 and its 200-day moving average is $28.66.
Elanco Animal Health Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Friday, October 14th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 12.98%. The ex-dividend date was Thursday, October 13th.
Institutional Investors Weigh In On Elanco Animal Health
A number of hedge funds and other institutional investors have recently bought and sold shares of ELAT. BlackRock Inc. grew its holdings in shares of Elanco Animal Health by 1.1% during the third quarter. BlackRock Inc. now owns 1,178,843 shares of the company's stock valued at $24,650,000 after buying an additional 13,279 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Elanco Animal Health during the third quarter valued at approximately $5,026,000. State Street Corp grew its holdings in shares of Elanco Animal Health by 2.9% during the first quarter. State Street Corp now owns 216,200 shares of the company's stock valued at $8,881,000 after buying an additional 6,000 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Elanco Animal Health by 17.0% during the third quarter. Van ECK Associates Corp now owns 171,772 shares of the company's stock valued at $3,592,000 after buying an additional 25,021 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of Elanco Animal Health by 2.4% during the third quarter. Wolverine Asset Management LLC now owns 128,228 shares of the company's stock valued at $2,641,000 after buying an additional 3,054 shares during the last quarter.
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