PhenixFIN (NYSE:PFX) CEO Buys $180,310.41 in Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber acquired 3,983 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of $45.27 per share, for a total transaction of $180,310.41. Following the completion of the acquisition, the chief executive officer directly owned 253,854 shares of the company’s stock, valued at approximately $11,491,970.58. The trade was a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PhenixFIN Price Performance

Shares of PFX opened at $43.56 on Friday. The firm has a market capitalization of $84.19 million, a PE ratio of 5.34 and a beta of 0.28. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. PhenixFIN Co. has a 1-year low of $38.30 and a 1-year high of $53.59. The company’s fifty day moving average price is $41.12 and its 200-day moving average price is $42.64.

PhenixFIN Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, May 28th. Shareholders 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 presently -92.31%.

Institutional Investors Weigh In On PhenixFIN

Several hedge funds have recently added to or reduced their stakes in PFX. Osaic Holdings Inc. boosted its holdings in PhenixFIN by 55.4% in the second 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. Raymond James Financial Inc. boosted its holdings in PhenixFIN by 3.0% in the third 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, Adalta Capital Management LLC boosted its holdings in PhenixFIN by 1.8% in the third quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock valued at $8,210,000 after purchasing an additional 3,100 shares during the last quarter. 43.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of 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.com, the company presently has a consensus 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.