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

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

PhenixFIN Stock Performance

NYSE PFX traded up $0.31 on Monday, reaching $45.31. The stock had a trading volume of 1,268 shares, compared to its average volume of 1,929. The business’s 50-day moving average price is $43.72 and its 200 day moving average price is $47.01. 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 stock has a market cap of $90.67 million, a P/E ratio of 5.56 and a beta of 0.24. PhenixFIN Co. has a 12-month low of $41.00 and a 12-month high of $57.40.

Institutional Trading of PhenixFIN

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. raised its position in PhenixFIN by 55.4% during the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after acquiring an additional 302 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of PhenixFIN by 3.0% in the third quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock worth $970,000 after acquiring an additional 590 shares during the last quarter. Finally, 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 worth $8,210,000 after buying an additional 3,100 shares during the last quarter. 43.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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