Key Points
- PhenixFIN CEO David Lorber bought 42,065 shares on May 12 at an average price of $39.95, spending about $1.68 million. His stake rose 20.71% to 245,198 shares, valued at roughly $9.8 million.
- The stock opened Friday at $38.94, near its 12-month low of $38.30 and below its 50-day and 200-day moving averages. PhenixFIN currently has a small market cap of $75.26 million and a low beta of 0.27.
- The company announced a special dividend of $0.07 per share, payable on May 28 to shareholders of record on May 18. Meanwhile, analysts remain cautious, with Zacks cutting the stock to Hold and the consensus rating also at Hold.
PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David Lorber bought 42,065 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $39.95 per share, for a total transaction of $1,680,496.75. Following the completion of the acquisition, the chief executive officer owned 245,198 shares in the company, valued at $9,795,660.10. This represents a 20.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
PhenixFIN Price Performance
Shares of PFX opened at $38.94 on Friday. PhenixFIN Co. has a 12-month low of $38.30 and a 12-month high of $53.59. The business's fifty day moving average is $40.41 and its 200 day moving average is $42.60. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87. The stock has a market cap of $75.26 million, a P/E ratio of 4.78 and a beta of 0.27.
PhenixFIN Announces Dividend
The company also recently announced a special dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be issued a $0.07 dividend. The ex-dividend date is Monday, May 18th. PhenixFIN's dividend payout ratio (DPR) is currently -92.31%.
Hedge Funds Weigh In On PhenixFIN
A number of large investors have recently modified their holdings of PFX. Osaic Holdings Inc. lifted its stake in PhenixFIN by 55.4% during the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company's stock valued at $43,000 after acquiring an additional 302 shares in the last quarter. Raymond James Financial Inc. lifted its stake 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 acquiring an additional 590 shares in the last quarter. Finally, Adalta Capital Management LLC lifted its stake in PhenixFIN by 1.5% during the 4th 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 in the last quarter. 43.35% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Zacks Research cut PhenixFIN from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Analysis on PFX
PhenixFIN Company Profile
(
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.
Further Reading
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