PhenixFIN (NYSE:PFX) CEO David Lorber Purchases 1,000 Shares

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 1,000 shares of the stock in a transaction on Monday, December 22nd. The stock was bought at an average price of $45.44 per share, with a total value of $45,440.00. Following the completion of the acquisition, the chief executive officer directly owned 145,891 shares of the company’s stock, valued at $6,629,287.04. This trade represents a 0.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

PhenixFIN Stock Performance

PhenixFIN stock opened at $45.31 on Tuesday. PhenixFIN Co. has a fifty-two week low of $41.00 and a fifty-two week high of $57.40. The stock’s 50 day simple moving average is $43.74 and its two-hundred day simple moving average is $46.99. 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 price-to-earnings ratio of 5.56 and a beta of 0.24.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On PhenixFIN

Hedge funds have recently added to or reduced their stakes in the stock. Adalta Capital Management LLC increased its holdings in shares of PhenixFIN by 1.8% during the third 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 in the last quarter. Raymond James Financial Inc. grew its position in PhenixFIN by 3.0% during the 3rd quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock valued at $970,000 after purchasing an additional 590 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in PhenixFIN by 55.4% during the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock valued at $43,000 after purchasing an additional 302 shares in the last quarter. 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.