PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber Purchases 700 Shares

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber bought 700 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of $47.91 per share, with a total value of $33,537.00. Following the completion of the transaction, the chief executive officer now owns 142,845 shares of the company’s stock, valued at $6,843,703.95. This represents a 0.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

PhenixFIN Trading Down 0.2%

NYSE:PFX opened at $49.89 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50-day moving average of $49.92 and a 200-day moving average of $50.35. The company has a market cap of $100.77 million, a PE ratio of 6.12 and a beta of 0.32. PhenixFIN Co. has a one year low of $44.56 and a one year high of $57.40.

Institutional Investors Weigh In On PhenixFIN

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Adalta Capital Management LLC boosted its holdings in PhenixFIN by 4.0% during the fourth quarter. Adalta Capital Management LLC now owns 155,524 shares of the company’s stock worth $7,777,000 after purchasing an additional 5,921 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in PhenixFIN in the fourth quarter valued at about $507,000. Bulldog Investors LLP purchased a new position in PhenixFIN in the fourth quarter valued at about $973,000. Finally, Raymond James Financial Inc. bought a new stake in shares of PhenixFIN in the fourth quarter valued at approximately $992,000. 43.35% of the stock is owned by institutional investors.

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.