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

PhenixFIN Co. (NYSE:PFX) CEO David Lorber purchased 572 shares of the stock in a transaction on Wednesday, December 24th. The shares were purchased at an average cost of $46.05 per share, for a total transaction of $26,340.60. Following the acquisition, the chief executive officer directly owned 146,596 shares of the company’s stock, valued at approximately $6,750,745.80. This represents a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PhenixFIN Stock Up 0.7%

PFX stock traded up $0.31 during trading on Monday, reaching $45.31. 1,268 shares of the company traded hands, compared to its average volume of 1,929. The business has a 50 day simple moving average of $43.72 and a 200 day simple moving average of $47.01. PhenixFIN Co. has a 12 month low of $41.00 and a 12 month high of $57.40. 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 company has a market capitalization of $90.67 million, a price-to-earnings ratio of 5.56 and a beta of 0.24.

Hedge Funds Weigh In On PhenixFIN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Adalta Capital Management LLC lifted its position in shares of PhenixFIN by 0.8% during the 2nd quarter. Adalta Capital Management LLC now owns 169,839 shares of the company’s stock worth $8,619,000 after buying an additional 1,390 shares during the last quarter. Raymond James Financial Inc. raised its stake 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 acquiring an additional 590 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake 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 acquiring an additional 302 shares in the last quarter. 43.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of PhenixFIN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. One investment 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 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.