David Lorber Purchases 2,200 Shares of PhenixFIN (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 2,200 shares of PhenixFIN stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $44.60 per share, with a total value of $98,120.00. Following the completion of the purchase, the chief executive officer directly owned 247,398 shares of the company’s stock, valued at $11,033,950.80. The trade was a 0.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PhenixFIN Price Performance

Shares of PhenixFIN stock opened at $44.13 on Friday. The firm has a fifty day simple moving average of $41.04 and a 200-day simple moving average of $42.63. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. PhenixFIN Co. has a 1-year low of $38.30 and a 1-year high of $53.59. The stock has a market capitalization of $85.30 million, a price-to-earnings ratio of 5.41 and a beta of 0.28.

PhenixFIN Announces Dividend

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

Hedge Funds Weigh In On PhenixFIN

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised 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 buying an additional 302 shares in the last quarter. Raymond James Financial Inc. raised 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 buying an additional 590 shares in the last quarter. Finally, Adalta Capital Management LLC raised its stake in shares of PhenixFIN by 1.5% in the 4th quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock valued at $7,836,000 after buying an additional 2,630 shares in the last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of PhenixFIN from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus 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.