PhenixFIN (NYSE:PFX) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

PhenixFIN Co. (NYSE:PFX)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.95 and traded as low as $40.72. PhenixFIN shares last traded at $40.9460, with a volume of 479 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of PhenixFIN from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

PhenixFIN Stock Performance

The stock’s 50 day simple moving average is $41.20 and its two-hundred day simple moving average is $42.95. The company has a market capitalization of $81.68 million, a P/E ratio of 5.02 and a beta of 0.27. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21.

Insider Transactions at PhenixFIN

In other news, Director Howard Amster acquired 11,500 shares of PhenixFIN stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $42.56 per share, with a total value of $489,440.00. Following the acquisition, the director owned 248,248 shares in the company, valued at $10,565,434.88. This represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 25.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in PhenixFIN by 55.4% during the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after buying an additional 302 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in 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 buying an additional 590 shares in the last quarter. Finally, Adalta Capital Management LLC lifted its holdings in PhenixFIN by 1.8% during the 3rd quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock worth $8,210,000 after buying an additional 3,100 shares in the last quarter. Institutional investors and hedge funds own 43.35% of the company’s stock.

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.