Key Points
- CEO David Lorber bought 572 shares at $46.05 on Dec. 24 for $26,340.60, raising his direct stake to 146,596 shares (about $6.75M), a 0.39% increase, per an SEC filing.
- PhenixFIN trades with a market cap of $90.67M and a PE of 5.56, with a 50‑day/200‑day moving average of $43.74/$46.99 and a 12‑month range of $41.00–$57.40.
- Zacks cut the stock from "strong‑buy" to "hold," leaving a MarketBeat consensus of "Hold," while institutional investors own roughly 43.35% of the company and several funds have modestly increased positions.
PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David Lorber bought 572 shares of PhenixFIN stock in a transaction dated Wednesday, December 24th. The stock was purchased at an average cost of $46.05 per share, for a total transaction of $26,340.60. Following the completion of the acquisition, the chief executive officer directly owned 146,596 shares of the company's stock, valued at approximately $6,750,745.80. The trade was a 0.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
PhenixFIN Price Performance
Shares of PhenixFIN stock opened at $45.31 on Tuesday. The firm has a market cap of $90.67 million, a PE ratio of 5.56 and a beta of 0.24. The stock has a 50 day moving average of $43.74 and a 200 day moving average of $46.99. 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 12 month low of $41.00 and a 12 month high of $57.40.
Analyst Ratings Changes
Separately, Zacks Research cut shares of PhenixFIN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, PhenixFIN currently has a consensus rating of "Hold".
Check Out Our Latest Analysis on PFX
Institutional Trading of PhenixFIN
Several hedge funds and other institutional investors have recently bought and sold shares of PFX. Adalta Capital Management LLC lifted its position in PhenixFIN by 8.3% in the first quarter. Adalta Capital Management LLC now owns 168,449 shares of the company's stock worth $8,931,000 after buying an additional 12,925 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of PhenixFIN by 55.4% in the second quarter. Osaic Holdings Inc. now owns 847 shares of the company's stock valued at $43,000 after acquiring an additional 302 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings 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 worth $970,000 after acquiring an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 43.35% of the company's stock.
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.
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