PhenixFIN (NYSE:PFX) CEO David Lorber Purchases 3,983 Shares of Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber purchased 3,983 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $45.27 per share, with a total value of $180,310.41. Following the acquisition, the chief executive officer directly owned 253,854 shares of the company’s stock, valued at $11,491,970.58. This trade represents a 1.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PhenixFIN Stock Performance

Shares of PFX opened at $44.27 on Thursday. The business has a 50-day simple moving average of $40.96 and a two-hundred day simple moving average of $42.62. 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 52 week low of $38.30 and a 52 week high of $53.59. The stock has a market cap of $85.58 million, a price-to-earnings ratio of 5.43 and a beta of 0.28.

PhenixFIN Announces Dividend

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

Hedge Funds Weigh In On PhenixFIN

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of PhenixFIN by 55.4% during the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after purchasing an additional 302 shares in the last quarter. Raymond James Financial Inc. lifted its holdings 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 buying an additional 590 shares in the last quarter. Finally, Adalta Capital Management LLC lifted its holdings in shares of PhenixFIN by 1.5% in the fourth quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock worth $7,836,000 after buying an additional 2,630 shares in the last quarter. Institutional investors own 43.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of PhenixFIN from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.