David Lorber Acquires 1,000 Shares of PhenixFIN (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was bought at an average price of $45.44 per share, with a total value of $45,440.00. Following the completion of the acquisition, the chief executive officer owned 145,891 shares of the company’s stock, valued at $6,629,287.04. This trade represents a 0.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PhenixFIN Stock Up 0.7%

NYSE:PFX traded up $0.31 during trading hours on Monday, hitting $45.31. The company’s stock had a trading volume of 1,268 shares, compared to its average volume of 1,929. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. PhenixFIN Co. has a 52-week low of $41.00 and a 52-week high of $57.40. The stock has a market capitalization of $90.67 million, a P/E ratio of 5.56 and a beta of 0.24. The stock has a fifty day moving average of $43.72 and a 200-day moving average of $47.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Adalta Capital Management LLC boosted its holdings in PhenixFIN by 1.8% in the third quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock valued at $8,210,000 after purchasing an additional 3,100 shares during the last quarter. Raymond James Financial Inc. raised its stake 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 acquiring an additional 590 shares during the period. Finally, Osaic Holdings Inc. boosted its position in PhenixFIN by 55.4% during the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock valued at $43,000 after purchasing an additional 302 shares during the period. 43.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.