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

PhenixFIN Co. (NYSE:PFX) CEO David Lorber purchased 2,473 shares of PhenixFIN stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $44.95 per share, with a total value of $111,161.35. Following the acquisition, the chief executive officer directly owned 249,871 shares of the company’s stock, valued at $11,231,701.45. The trade was a 1.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

PhenixFIN Trading Down 3.0%

Shares of PFX opened at $44.13 on Friday. The company has a market capitalization of $85.30 million, a P/E ratio of 5.41 and a beta of 0.28. PhenixFIN Co. has a one year low of $38.30 and a one year high of $53.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50-day moving average price of $41.04 and a 200 day moving average price of $42.63.

PhenixFIN Dividend Announcement

The firm also recently declared a special dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, May 18th. PhenixFIN’s dividend payout ratio is currently -92.31%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in PhenixFIN by 55.4% during the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after buying an additional 302 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in PhenixFIN by 3.0% during the 3rd quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock worth $970,000 after buying an additional 590 shares during the last quarter. Finally, Adalta Capital Management LLC lifted its holdings in PhenixFIN by 1.5% during the 4th quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock worth $7,836,000 after buying an additional 2,630 shares during the last quarter. Institutional investors own 43.35% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research downgraded PhenixFIN from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, PhenixFIN presently has an average rating of “Sell”.

PhenixFIN Company Profile

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.