PhenixFIN (NYSE:PFX) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of PhenixFIN Co. (NYSE:PFX) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.95 and traded as low as $40.72. PhenixFIN shares last traded at $40.9460, with a volume of 479 shares traded.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of PhenixFIN from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

PhenixFIN Stock Performance

The firm has a market cap of $81.81 million, a price-to-earnings ratio of 5.02 and a beta of 0.27. The stock has a 50-day moving average of $41.20 and a 200-day moving average of $42.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21.

Insider Activity

In other PhenixFIN news, Director Howard Amster acquired 11,500 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of $42.56 per share, for a total transaction of $489,440.00. Following the completion of the acquisition, the director directly owned 248,248 shares of the company’s stock, valued at approximately $10,565,434.88. This trade represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On PhenixFIN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PFX. Osaic Holdings Inc. lifted its position in PhenixFIN by 55.4% during the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after buying an additional 302 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of PhenixFIN by 3.0% in the 3rd quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock valued at $970,000 after acquiring an additional 590 shares in the last quarter. Finally, Adalta Capital Management LLC grew its holdings in shares of PhenixFIN by 1.8% in the 3rd quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock valued at $8,210,000 after acquiring an additional 3,100 shares in the last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.

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.