David Lorber Acquires 42,065 Shares of PhenixFIN (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 42,065 shares of PhenixFIN stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $39.95 per share, for a total transaction of $1,680,496.75. Following the completion of the purchase, the chief executive officer directly owned 245,198 shares of the company’s stock, valued at approximately $9,795,660.10. This represents a 20.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

PhenixFIN Trading Up 3.1%

Shares of PhenixFIN stock opened at $40.74 on Friday. The company has a market capitalization of $78.75 million, a price-to-earnings ratio of 5.00 and a beta of 0.27. 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 12-month low of $38.30 and a 12-month high of $53.59. The firm’s 50-day moving average price is $40.36 and its two-hundred day moving average price is $42.59.

PhenixFIN Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, May 18th. PhenixFIN’s dividend payout ratio is presently -92.31%.

Institutional Investors Weigh In On PhenixFIN

A number of hedge funds have recently made changes to their positions in PFX. Osaic Holdings Inc. boosted its stake in shares of PhenixFIN by 55.4% in 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. Raymond James Financial Inc. boosted its stake in shares of PhenixFIN by 3.0% in 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 in the last quarter. Finally, Adalta Capital Management LLC boosted its stake in shares of PhenixFIN by 1.8% in the 3rd quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock valued at $8,210,000 after purchasing an additional 3,100 shares in the last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.

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 Monday, April 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, PhenixFIN has an average 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.