PhenixFIN (NYSE:PFX) CEO David Lorber Purchases 42,065 Shares

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 42,065 shares of PhenixFIN stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $39.95 per share, for a total transaction of $1,680,496.75. Following the completion of the purchase, the chief executive officer directly owned 245,198 shares in the company, valued at $9,795,660.10. The trade was a 20.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PhenixFIN Stock Down 0.2%

PFX stock traded down $0.08 during mid-day trading on Thursday, hitting $38.94. 351 shares of the company were exchanged, compared to its average volume of 3,831. The firm has a fifty day simple moving average of $40.46 and a 200 day simple moving average of $42.64. The company has a market capitalization of $75.26 million, a PE ratio of 4.78 and a beta of 0.27. PhenixFIN Co. has a twelve month low of $38.30 and a twelve month high of $53.59. 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 Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, May 18th. PhenixFIN’s dividend payout ratio (DPR) is presently -92.31%.

Analyst Upgrades and Downgrades

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

Institutional Trading of PhenixFIN

A number of institutional investors and hedge funds have recently modified their holdings of the business. Adalta Capital Management LLC lifted its position 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 worth $7,836,000 after buying an additional 2,630 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of PhenixFIN by 3.0% during the 3rd 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 last quarter. Finally, Osaic Holdings Inc. grew its position in shares of 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 buying an additional 302 shares during the last quarter. 43.35% of the stock is owned by institutional investors and hedge funds.

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.