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

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 572 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of $46.05 per share, for a total transaction of $26,340.60. Following the purchase, the chief executive officer directly owned 146,596 shares of the company’s stock, valued at approximately $6,750,745.80. This trade represents a 0.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PhenixFIN Trading Up 0.7%

Shares of NYSE:PFX opened at $45.31 on Tuesday. The stock has a 50 day moving average of $43.74 and a 200 day moving average of $46.99. The company has a market cap of $90.67 million, a PE ratio of 5.56 and a beta of 0.24. PhenixFIN Co. has a 12-month low of $41.00 and a 12-month high of $57.40. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On PhenixFIN

A number of institutional investors have recently added to or reduced their stakes in PFX. Adalta Capital Management LLC raised its position in shares of PhenixFIN by 1.8% during 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 during the last quarter. Raymond James Financial Inc. grew its stake 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 acquiring an additional 590 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in 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 acquiring an additional 302 shares in the last quarter. 43.35% of the stock is owned by hedge funds and other institutional investors.

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.