PhenixFIN (NYSE:PFX) Director Howard Amster Purchases 11,500 Shares of Stock

PhenixFIN Co. (NYSE:PFX) Director Howard Amster purchased 11,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $42.56 per share, with a total value of $489,440.00. Following the completion of the transaction, the director owned 248,248 shares of the company’s stock, valued at $10,565,434.88. This represents a 4.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

PhenixFIN Price Performance

NYSE:PFX traded down $1.77 during trading hours on Friday, reaching $40.28. 4,013 shares of the company were exchanged, compared to its average volume of 4,856. The business has a 50 day moving average of $43.98 and a 200 day moving average of $45.13. PhenixFIN Co. has a 1-year low of $39.16 and a 1-year high of $54.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $80.48 million, a P/E ratio of 4.94 and a beta of 0.20.

Institutional Investors Weigh In On PhenixFIN

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Adalta Capital Management LLC increased its stake in shares of PhenixFIN by 1.5% in the 4th quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock valued at $7,836,000 after purchasing an additional 2,630 shares during the last quarter. Raymond James Financial Inc. boosted its stake in 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. grew its position in 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 acquiring an additional 302 shares during the last quarter. 43.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research upgraded PhenixFIN from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

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.