David Lorber Acquires 3,983 Shares of PhenixFIN (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber purchased 3,983 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $45.27 per share, for a total transaction of $180,310.41. Following the transaction, the chief executive officer owned 253,854 shares of the company’s stock, valued at $11,491,970.58. This trade represents a 1.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PhenixFIN Trading Down 3.0%

NYSE:PFX opened at $44.13 on Friday. The firm has a market cap of $85.30 million, a P/E ratio of 5.41 and a beta of 0.28. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The stock’s 50 day simple moving average is $41.04 and its 200-day simple moving average is $42.63. PhenixFIN Co. has a 12-month low of $38.30 and a 12-month high of $53.59.

PhenixFIN Dividend Announcement

The business also recently announced a special dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, May 18th. PhenixFIN’s payout ratio is presently -92.31%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Adalta Capital Management LLC boosted its stake in shares of 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 buying an additional 3,100 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of PhenixFIN by 3.0% in the third quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock valued at $970,000 after buying an additional 590 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of PhenixFIN by 55.4% in the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock valued at $43,000 after buying an additional 302 shares in the last quarter. Institutional investors and hedge funds own 43.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered PhenixFIN from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, PhenixFIN has a consensus rating of “Sell”.

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.