PhenixFIN (NYSE:PFX) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

PhenixFIN Co. (NYSE:PFX) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $51.49 and traded as low as $48.96. PhenixFIN shares last traded at $48.88, with a volume of 2,366 shares trading hands.

PhenixFIN Price Performance

The stock has a market cap of $98.73 million, a PE ratio of 6.00 and a beta of 0.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average of $51.49 and a 200 day moving average of $49.90.

Insider Buying and Selling at PhenixFIN

In other news, CEO David A. Lorber acquired 800 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $53.72 per share, for a total transaction of $42,976.00. Following the completion of the purchase, the chief executive officer now directly owns 140,945 shares of the company’s stock, valued at $7,571,565.40. This represents a 0.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 2,600 shares of company stock worth $137,681 over the last quarter. 24.40% of the stock is owned by corporate insiders.

Institutional Trading of PhenixFIN

Institutional investors and hedge funds have recently bought and sold shares of the company. Crossingbridge Advisors LLC acquired a new stake in PhenixFIN during the fourth quarter valued at approximately $507,000. AlphaCentric Advisors LLC acquired a new stake in PhenixFIN during the fourth quarter valued at approximately $507,000. Bulldog Investors LLP acquired a new stake in PhenixFIN during the fourth quarter valued at approximately $973,000. Raymond James Financial Inc. acquired a new stake in PhenixFIN during the fourth quarter valued at approximately $992,000. Finally, Adalta Capital Management LLC raised its stake in PhenixFIN by 4.0% during the fourth quarter. Adalta Capital Management LLC now owns 155,524 shares of the company’s stock valued at $7,777,000 after buying an additional 5,921 shares in the last quarter. Institutional investors and hedge funds own 43.35% of the company’s stock.

About PhenixFIN

PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.