PhenixFIN Co. (NYSE:PFX – Get 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
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
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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