PhenixFIN (NYSE:PFX) Stock Rating Upgraded by Zacks Research

PhenixFIN (NYSE:PFX) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

PhenixFIN Stock Performance

Shares of PhenixFIN stock opened at $42.94 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $42.75 and a two-hundred day moving average price of $42.53. PhenixFIN has a 1-year low of $38.30 and a 1-year high of $53.00. The company has a market cap of $82.99 million, a P/E ratio of 5.27 and a beta of 0.28.

Insider Buying and Selling

In other PhenixFIN news, CEO David A. Lorber bought 3,983 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of $45.27 per share, with a total value of $180,310.41. Following the completion of the purchase, the chief executive officer directly owned 253,854 shares of the company’s stock, valued at approximately $11,491,970.58. This trade represents a 1.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 50,721 shares of company stock worth $2,070,089 over the last ninety days. Company insiders own 25.20% of the company’s stock.

Hedge Funds Weigh In On PhenixFIN

Several institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted 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 buying an additional 302 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of PhenixFIN by 3.0% in the 3rd 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, Adalta Capital Management LLC lifted its position 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 valued at $7,836,000 after acquiring an additional 2,630 shares during the period. 43.35% of the stock is owned by institutional investors and hedge funds.

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.