Howard Amster Buys 11,500 Shares of PhenixFIN (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX) Director Howard Amster acquired 11,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $42.56 per share, with a total value of $489,440.00. Following the purchase, the director directly owned 248,248 shares in the company, valued at $10,565,434.88. This represents a 4.86% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

PhenixFIN Stock Down 4.7%

Shares of PhenixFIN stock opened at $40.06 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. PhenixFIN Co. has a 52-week low of $39.16 and a 52-week high of $54.81. The company’s 50 day moving average price is $43.87 and its 200-day moving average price is $45.07. The stock has a market capitalization of $80.04 million, a price-to-earnings ratio of 4.92 and a beta of 0.20.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised PhenixFIN from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in shares of PhenixFIN by 55.4% in the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after purchasing an additional 302 shares during the period. Raymond James Financial Inc. raised its holdings 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 buying an additional 590 shares during the period. Finally, Adalta Capital Management LLC lifted its position in 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 during the last quarter. Hedge funds and other institutional investors own 43.35% of the company’s stock.

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.