Crossingbridge Advisors LLC Purchases New Position in PhenixFIN Co. (NYSE:PFX)

Crossingbridge Advisors LLC purchased a new position in shares of PhenixFIN Co. (NYSE:PFX) during the fourth quarter, Holdings Channel reports. The firm purchased 10,300 shares of the company’s stock, valued at approximately $507,000.

Separately, AlphaCentric Advisors LLC purchased a new position in shares of PhenixFIN during the 4th quarter valued at approximately $507,000. Institutional investors and hedge funds own 43.35% of the company’s stock.

PhenixFIN Stock Performance

NYSE:PFX opened at $50.07 on Friday. 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 market capitalization of $101.13 million, a PE ratio of 6.14 and a beta of 0.31. PhenixFIN Co. has a fifty-two week low of $42.50 and a fifty-two week high of $57.40. The company has a fifty day moving average of $52.33 and a two-hundred day moving average of $49.79.

PhenixFIN Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 17th were paid a dividend of $1.43 per share. This is a positive change from PhenixFIN’s previous dividend of $1.31. This represents a yield of 5.59%. The ex-dividend date of this dividend was Friday, February 14th. PhenixFIN’s payout ratio is 5.89%.

Insider Buying and Selling at PhenixFIN

In other news, CEO David A. Lorber acquired 800 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $53.72 per share, for a total transaction of $42,976.00. Following the acquisition, the chief executive officer now owns 140,945 shares of the company’s stock, valued at approximately $7,571,565.40. This trade represents a 0.57 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought 2,600 shares of company stock valued at $137,681 over the last quarter. 24.40% of the stock is currently owned by insiders.

PhenixFIN 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.