Key Points
- Director Howard Amster bought 11,500 shares on March 3 at an average price of $42.56 for a total of $489,440, raising his stake by 4.86% to 248,248 shares (about $10.57M).
- PhenixFIN (PFX) recently traded at $40.28, has a market cap of $80.48M and a P/E of 4.94, with a 52-week range of $39.16–$54.81.
- Zacks Research upgraded the stock to a "Strong Buy" and the consensus rating is currently "Strong Buy," while institutional investors own about 43.35% of the shares.
PhenixFIN Co. (NYSE:PFX - Get Free Report) Director Howard Amster purchased 11,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average cost 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. The trade was a 4.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
PhenixFIN Price Performance
NYSE:PFX traded down $1.77 on Friday, hitting $40.28. The company had a trading volume of 4,013 shares, compared to its average volume of 4,856. The stock has a market capitalization of $80.48 million, a price-to-earnings ratio of 4.94 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 firm has a 50 day moving average of $43.98 and a two-hundred day moving average of $45.13. PhenixFIN Co. has a 52 week low of $39.16 and a 52 week high of $54.81.
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 investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".
View Our Latest Stock Report on PhenixFIN
Hedge Funds Weigh In On PhenixFIN
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Adalta Capital Management LLC raised its stake in shares of PhenixFIN by 1.5% during the fourth quarter. Adalta Capital Management LLC now owns 175,569 shares of the company's stock valued at $7,836,000 after acquiring an additional 2,630 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of 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 purchasing an additional 590 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in 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 purchasing an additional 302 shares during the period. 43.35% of the stock is currently owned by institutional investors and hedge funds.
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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