PhenixFIN (NYSE:PFX) CEO David Lorber Buys 2,473 Shares of Stock

PhenixFIN Co. (NYSE:PFXGet Free Report) CEO David Lorber bought 2,473 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of $44.95 per share, with a total value of $111,161.35. Following the transaction, the chief executive officer directly owned 249,871 shares in the company, valued at approximately $11,231,701.45. This represents a 1.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PhenixFIN Stock Down 1.6%

Shares of NYSE:PFX opened at $44.27 on Thursday. PhenixFIN Co. has a 52-week low of $38.30 and a 52-week high of $53.59. The firm has a market capitalization of $85.58 million, a P/E ratio of 5.43 and a beta of 0.28. The stock has a 50 day moving average price of $40.96 and a 200-day moving average price of $42.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21.

PhenixFIN Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, May 18th. PhenixFIN’s dividend payout ratio (DPR) is -92.31%.

Institutional Trading of PhenixFIN

Several institutional investors have recently added to or reduced their stakes in the business. Adalta Capital Management LLC boosted 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 purchasing an additional 2,630 shares during the last quarter. Raymond James Financial Inc. boosted 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 purchasing an additional 590 shares during the last quarter. Finally, Osaic Holdings Inc. boosted 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 purchasing an additional 302 shares during the last quarter. 43.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered PhenixFIN from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Stock 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.

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Insider Buying and Selling by Quarter for PhenixFIN (NYSE:PFX)

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