David Lorber Buys 908 Shares of PhenixFIN (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 908 shares of PhenixFIN stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $44.74 per share, with a total value of $40,623.92. Following the transaction, the chief executive officer owned 144,891 shares of the company’s stock, valued at $6,482,423.34. This trade represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PhenixFIN Stock Performance

NYSE PFX traded up $0.11 on Wednesday, hitting $44.87. 2,063 shares of the company’s stock were exchanged, compared to its average volume of 1,954. The firm has a market cap of $89.92 million, a price-to-earnings ratio of 5.51 and a beta of 0.24. The firm’s 50-day moving average price is $43.77 and its two-hundred day moving average price is $47.28. PhenixFIN Co. has a fifty-two week low of $41.00 and a fifty-two week high of $57.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut PhenixFIN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, PhenixFIN has an average rating of “Hold”.

Institutional Investors Weigh In On PhenixFIN

Several institutional investors have recently modified their holdings of PFX. Adalta Capital Management LLC increased its stake in PhenixFIN by 0.8% in the 2nd quarter. Adalta Capital Management LLC now owns 169,839 shares of the company’s stock valued at $8,619,000 after purchasing an additional 1,390 shares in the last quarter. Raymond James Financial Inc. boosted its position in PhenixFIN by 3.0% during the third quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock worth $970,000 after purchasing an additional 590 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in PhenixFIN by 55.4% during the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after purchasing an additional 302 shares in the last quarter. Hedge funds and other institutional investors 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.