PhenixFIN (NYSE:PFX) Stock Gets Downgrade from Zacks Research

PhenixFIN (NYSE:PFX) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

PhenixFIN Stock Performance

NYSE:PFX opened at $44.59 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 company has a market capitalization of $86.10 million, a P/E ratio of 5.47 and a beta of 0.32. The firm has a 50-day moving average price of $46.72 and a two-hundred day moving average price of $43.70. PhenixFIN has a twelve month low of $38.30 and a twelve month high of $56.48.

Institutional Investors Weigh In On PhenixFIN

A hedge fund recently bought a new stake in PhenixFIN stock. Legal & General Group Plc bought a new stake in PhenixFIN Co. (NYSE:PFX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,140 shares of the company’s stock, valued at approximately $655,000. Legal & General Group Plc owned approximately 0.78% of PhenixFIN as of its most recent SEC filing. 43.35% of the stock is owned by hedge funds and other institutional investors.

PhenixFIN Company Profile

PhenixFIN Corporation (NYSE:PFX) is a business development company (BDC) that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing in businesses that may have limited access to traditional sources of capital.

PhenixFIN primarily invests in senior secured loans, including first-lien and unitranche facilities, as well as second-lien and subordinated debt. It may also make equity investments and acquire other securities in connection with its financing activities.