PhenixFIN Co. (NYSE:PFX) Director Acquires $24,635.00 in Stock

PhenixFIN Co. (NYSE:PFX) Director Karin Hirtler-Garvey purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average price of $49.27 per share, for a total transaction of $24,635.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at $73,905. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

PhenixFIN Stock Up 0.5 %

PFX stock opened at $49.30 on Monday. The firm has a market cap of $99.58 million, a PE ratio of 5.41 and a beta of 0.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 11.35 and a current ratio of 11.35. The firm’s fifty day moving average is $49.17 and its 200 day moving average is $48.00. PhenixFIN Co. has a one year low of $42.50 and a one year high of $51.50.

PhenixFIN Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 17th will be given a dividend of $1.43 per share. This represents a yield of 5.59%. The ex-dividend date is Friday, February 14th. This is a positive change from PhenixFIN’s previous dividend of $1.31. PhenixFIN’s dividend payout ratio (DPR) is currently 5.89%.

Institutional Trading of PhenixFIN

Several institutional investors have recently modified their holdings of PFX. Raymond James Financial Inc. acquired a new stake in shares of PhenixFIN in the fourth quarter valued at about $992,000. Crossingbridge Advisors LLC acquired a new stake in shares of PhenixFIN in the fourth quarter valued at about $507,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of PhenixFIN in the fourth quarter valued at about $507,000. Institutional investors and hedge funds own 43.35% of the company’s stock.

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.