PhenixFIN (NYSE:PFX) CEO Buys $98,120.00 in Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 2,200 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $44.60 per share, with a total value of $98,120.00. Following the completion of the transaction, the chief executive officer directly owned 247,398 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink.

PhenixFIN Price Performance

PFX stock opened at $43.56 on Friday. The firm has a 50 day moving average of $41.12 and a 200-day moving average of $42.64. 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 Co. has a 12 month low of $38.30 and a 12 month high of $53.59. The firm has a market capitalization of $84.19 million, a P/E ratio of 5.34 and a beta of 0.28.

PhenixFIN Dividend Announcement

The business also recently announced 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 of this dividend was Monday, May 18th. PhenixFIN’s dividend payout ratio (DPR) is currently -92.31%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On PhenixFIN

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake 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 purchasing an additional 302 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of PhenixFIN by 3.0% during the third quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock worth $970,000 after acquiring an additional 590 shares in the last quarter. Finally, Adalta Capital Management LLC raised its stake 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 worth $8,210,000 after acquiring an additional 3,100 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.