David Lorber Acquires 572 Shares of PhenixFIN (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 572 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were acquired at an average cost of $46.05 per share, with a total value of $26,340.60. Following the purchase, the chief executive officer directly owned 146,596 shares of the company’s stock, valued at $6,750,745.80. This trade represents a 0.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

PhenixFIN Price Performance

Shares of NYSE PFX opened at $43.96 on Wednesday. The stock’s 50-day simple moving average is $43.72 and its two-hundred day simple moving average is $46.96. PhenixFIN Co. has a twelve month low of $41.00 and a twelve month high of $57.40. The firm has a market capitalization of $87.95 million, a P/E ratio of 5.39 and a beta of 0.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87.

Hedge Funds Weigh In On PhenixFIN

Several institutional investors and hedge funds have recently made changes to their positions in PFX. Adalta Capital Management LLC raised its position in PhenixFIN by 1.8% in the 3rd quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock worth $8,210,000 after purchasing an additional 3,100 shares during the period. 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 valued at $970,000 after buying an additional 590 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of PhenixFIN by 55.4% during 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 during the last quarter. Institutional investors own 43.35% of the company’s stock.

Analyst Ratings Changes

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

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.