PhenixFIN (NYSE:PFX) Downgraded to Strong Sell Rating by Zacks Research

PhenixFIN (NYSE:PFX) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

PhenixFIN Stock Up 3.1%

PFX opened at $40.74 on Thursday. The business has a 50 day moving average price of $40.36 and a 200 day moving average price of $42.59. PhenixFIN has a twelve month low of $38.30 and a twelve month high of $53.59. 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 firm has a market cap of $78.75 million, a P/E ratio of 5.00 and a beta of 0.27.

Insider Buying and Selling

In other news, CEO David A. Lorber acquired 42,065 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $39.95 per share, for a total transaction of $1,680,496.75. Following the completion of the transaction, the chief executive officer owned 245,198 shares in the company, valued at approximately $9,795,660.10. This trade represents a 20.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Howard Amster purchased 11,500 shares of the stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $42.56 per share, for a total transaction of $489,440.00. Following the completion of the transaction, the director directly owned 248,248 shares of the company’s stock, valued at approximately $10,565,434.88. This trade represents a 4.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 25.20% of the company’s stock.

Institutional Trading of PhenixFIN

Large investors have recently bought and sold shares of the stock. Adalta Capital Management LLC grew its position in PhenixFIN by 1.8% in the third quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock valued at $8,210,000 after acquiring an additional 3,100 shares during the period. Raymond James Financial Inc. grew its position 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 acquiring an additional 590 shares during the period. 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 period. 43.35% of the stock is currently owned by 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.