PhenixFIN Co. (NYSE:PFX – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $43.52 and traded as low as $43.31. PhenixFIN shares last traded at $43.1150, with a volume of 1,135 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of PhenixFIN from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold”.
Get Our Latest Stock Report on PFX
PhenixFIN Stock Performance
The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average is $45.72 and its two-hundred day moving average is $43.52. The company has a market capitalization of $83.26 million, a P/E ratio of 5.29 and a beta of 0.32.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in PhenixFIN stock. Legal & General Group Plc acquired a new stake in PhenixFIN Co. (NYSE:PFX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,140 shares of the company’s stock, valued at approximately $655,000. Legal & General Group Plc owned 0.78% of PhenixFIN at the end of the most recent quarter. 43.35% of the stock is currently owned by hedge funds and other institutional investors.
PhenixFIN Company Profile
PhenixFIN Corporation is a closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Through its investment activities, the company seeks to provide financing to privately held, middle-market businesses, primarily in the United States.
PhenixFIN generally invests in privately negotiated debt and equity securities. Its portfolio may include secured and unsecured loans, subordinated debt, and equity or equity-related investments.
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