PhenixFIN Co. (NYSE:PFX) CEO Purchases $33,537.00 in Stock

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber acquired 700 shares of PhenixFIN stock in a transaction dated Monday, June 16th. The shares were bought at an average price of $47.91 per share, for a total transaction of $33,537.00. Following the transaction, the chief executive officer now owns 142,845 shares of the company’s stock, valued at approximately $6,843,703.95. The trade was a 0.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PhenixFIN Trading Up 2.0%

PhenixFIN stock opened at $50.94 on Friday. The firm’s 50 day moving average price is $49.87 and its 200-day moving average price is $50.39. PhenixFIN Co. has a 1 year low of $44.56 and a 1 year high of $57.40. The stock has a market cap of $102.90 million, a P/E ratio of 6.25 and a beta of 0.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21.

Institutional Investors Weigh In On PhenixFIN

Several large investors have recently bought and sold shares of the business. Adalta Capital Management LLC increased its position in PhenixFIN by 4.0% in the fourth quarter. Adalta Capital Management LLC now owns 155,524 shares of the company’s stock worth $7,777,000 after purchasing an additional 5,921 shares during the last quarter. Crossingbridge Advisors LLC bought a new stake in PhenixFIN in the fourth quarter worth $507,000. Bulldog Investors LLP bought a new stake in PhenixFIN in the fourth quarter worth $973,000. Finally, Raymond James Financial Inc. bought a new stake in PhenixFIN in the fourth quarter worth $992,000. Institutional investors own 43.35% of the company’s stock.

PhenixFIN Company Profile

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.