PhenixFIN (NYSE:PFX) CEO David Lorber Acquires 2,200 Shares

PhenixFIN Co. (NYSE:PFX) CEO David Lorber bought 2,200 shares of PhenixFIN stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $44.60 per share, with a total value of $98,120.00. Following the acquisition, the chief executive officer directly owned 247,398 shares in the company, valued at $11,033,950.80. This trade represents a 0.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PhenixFIN Stock Performance

Shares of PFX stock opened at $44.27 on Thursday. The company has a market capitalization of $85.58 million, a price-to-earnings ratio of 5.43 and a beta of 0.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50-day simple moving average of $40.96 and a 200 day simple moving average of $42.62. PhenixFIN Co. has a 52 week low of $38.30 and a 52 week high of $53.59.

PhenixFIN Dividend Announcement

The company also recently declared a special dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $0.07 dividend. The ex-dividend date was Monday, May 18th. PhenixFIN’s payout ratio is -92.31%.

Institutional Trading of PhenixFIN

Institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in shares of PhenixFIN by 55.4% during the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after acquiring an additional 302 shares during the period. Raymond James Financial Inc. lifted its holdings 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 worth $970,000 after acquiring an additional 590 shares during the period. Finally, Adalta Capital Management LLC lifted its holdings in shares of PhenixFIN by 1.5% during the 4th quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock worth $7,836,000 after acquiring an additional 2,630 shares during the period. Institutional investors own 43.35% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research downgraded PhenixFIN from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average 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.