Key Points
- CEO insider buy: PhenixFIN CEO David Lorber purchased 908 shares on December 17 at $44.74 each for $40,623.92, raising his direct stake to 144,891 shares (a 0.63% increase) valued at about $6.48 million.
- Price and valuation snapshot: PFX traded at $46.34 mid-day, with a market cap of $92.86 million, a P/E of 5.69, a 50‑day/200‑day moving average of $43.73/$47.26, and a 1‑year range of $41.00–$57.40.
- Ownership and analyst view: Institutional investors hold 43.35% of the stock with several funds modestly increasing positions, while Zacks cut its rating from "strong-buy" to "hold" and the consensus is currently "Hold."
PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David Lorber bought 908 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $44.74 per share, with a total value of $40,623.92. Following the completion of the purchase, the chief executive officer directly owned 144,891 shares of the company's stock, valued at $6,482,423.34. This represents a 0.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
PhenixFIN Price Performance
Shares of PFX stock traded up $1.58 during mid-day trading on Thursday, reaching $46.34. The company's stock had a trading volume of 324 shares, compared to its average volume of 1,954. The firm's 50-day moving average is $43.73 and its two-hundred day moving average is $47.26. The company has a market cap of $92.86 million, a P/E ratio of 5.69 and a beta of 0.24. PhenixFIN Co. has a 1-year low of $41.00 and a 1-year high of $57.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PFX. Adalta Capital Management LLC boosted its stake in PhenixFIN by 1.8% in the third quarter. Adalta Capital Management LLC now owns 172,939 shares of the company's stock worth $8,210,000 after purchasing an additional 3,100 shares in the last quarter. Raymond James Financial Inc. lifted its position 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 purchasing an additional 590 shares during the period. Finally, Osaic Holdings Inc. boosted its position 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 last quarter. 43.35% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Zacks Research lowered shares of PhenixFIN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".
Check Out Our Latest Report on PhenixFIN
About PhenixFIN
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
