PhenixFIN (NYSE:PFX) Stock Price Passes Above 50 Day Moving Average of $44.43

Shares of PhenixFIN Co. (NYSE:PFX) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $44.43 and traded as high as $45.30. PhenixFIN shares last traded at $44.90, with a volume of 2,823 shares.

PhenixFIN Price Performance

The business’s fifty day moving average is $44.43 and its 200 day moving average is $41.56. The company has a market cap of $92.49 million, a P/E ratio of 3.41 and a beta of 1.01. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 0.56.

PhenixFIN (NYSE:PFX) last posted its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.05. The firm had revenue of $5.72 million during the quarter, compared to the consensus estimate of $5.51 million. PhenixFIN had a net margin of 130.02% and a return on equity of 4.62%. As a group, sell-side analysts anticipate that PhenixFIN Co. will post 2.76 EPS for the current year.

Insider Buying and Selling at PhenixFIN

In related news, CEO David A. Lorber purchased 1,686 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average cost of $44.48 per share, with a total value of $74,993.28. Following the completion of the acquisition, the chief executive officer now directly owns 104,683 shares of the company’s stock, valued at $4,656,299.84. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired 2,086 shares of company stock valued at $92,831 in the last 90 days. 22.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PhenixFIN

A hedge fund recently raised its stake in PhenixFIN stock. Adalta Capital Management LLC grew its position in shares of PhenixFIN Co. (NYSE:PFX) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,999 shares of the company’s stock after purchasing an additional 1,500 shares during the period. PhenixFIN makes up 3.4% of Adalta Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Adalta Capital Management LLC owned about 6.32% of PhenixFIN worth $5,013,000 at the end of the most recent quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.

About PhenixFIN

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.