PhenixFIN (NYSE:PFX) CEO David Lorber Acquires 908 Shares of Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber purchased 908 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $44.74 per share, with a total value of $40,623.92. Following the completion of the purchase, the chief executive officer directly owned 144,891 shares of the company’s stock, valued at $6,482,423.34. The trade was a 0.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PhenixFIN Trading Up 3.5%

Shares of NYSE PFX traded up $1.58 during midday trading on Thursday, hitting $46.34. The stock had a trading volume of 324 shares, compared to its average volume of 1,954. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87. PhenixFIN Co. has a 1-year low of $41.00 and a 1-year high of $57.40. The company has a market capitalization of $92.86 million, a price-to-earnings ratio of 5.69 and a beta of 0.24. The company has a fifty day moving average price of $43.73 and a 200 day moving average price of $47.26.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of PhenixFIN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, PhenixFIN has an average rating of “Hold”.

Institutional Trading of PhenixFIN

Several large investors have recently made changes to their positions in PFX. Adalta Capital Management LLC increased its holdings in shares of PhenixFIN by 1.8% during the 3rd quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock valued at $8,210,000 after acquiring an additional 3,100 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in PhenixFIN by 3.0% during the third 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 during the period. Finally, Osaic Holdings Inc. grew its position in shares of PhenixFIN by 55.4% in the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock valued at $43,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 43.35% of the company’s stock.

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.