PhenixFIN (NYSE:PFX) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

PhenixFIN Co. (NYSE:PFX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.54 and traded as low as $39.15. PhenixFIN shares last traded at $40.8760, with a volume of 1,178 shares.

Analyst Ratings Changes

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

PhenixFIN Stock Up 2.2%

The stock has a market cap of $81.67 million, a P/E ratio of 5.02 and a beta of 0.20. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average is $43.30 and its 200-day moving average is $44.52.

Insiders Place Their Bets

In other news, 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 price of $42.56 per share, for a total transaction of $489,440.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO David A. Lorber bought 572 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were purchased at an average cost of $46.05 per share, with a total value of $26,340.60. Following the purchase, the chief executive officer directly owned 146,596 shares of the company’s stock, valued at approximately $6,750,745.80. This represents a 0.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 13,361 shares of company stock worth $574,354 in the last three months. Company insiders own 25.20% of the company’s stock.

Hedge Funds Weigh In On PhenixFIN

Several large investors have recently made changes to their positions in PFX. Osaic Holdings Inc. raised 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 in the last quarter. Raymond James Financial Inc. grew its position in 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 during the last quarter. Finally, Adalta Capital Management LLC grew its position in PhenixFIN by 0.8% in the second quarter. Adalta Capital Management LLC now owns 169,839 shares of the company’s stock worth $8,619,000 after buying an additional 1,390 shares during the last quarter. Institutional investors own 43.35% of the company’s stock.

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.