PhenixFIN (NYSE:PFX) Share Price Passes Below 200 Day Moving Average – Here’s Why

PhenixFIN Co. (NYSE:PFX)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.86 and traded as low as $40.11. PhenixFIN shares last traded at $41.99, with a volume of 3,661 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of PhenixFIN from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, PhenixFIN presently has an average rating of “Strong Buy”.

PhenixFIN Stock Up 0.0%

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 company has a market cap of $83.91 million, a P/E ratio of 5.15 and a beta of 0.20. The stock has a 50 day moving average price of $43.61 and a 200 day moving average price of $44.81.

Insider Transactions at PhenixFIN

In other PhenixFIN news, CEO David A. Lorber acquired 572 shares of the stock in a transaction dated Wednesday, December 24th. The shares were bought at an average price of $46.05 per share, with a total value of $26,340.60. Following the purchase, the chief executive officer directly owned 146,596 shares of the company’s stock, valued at approximately $6,750,745.80. This trade represents a 0.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Howard Amster bought 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $42.56 per share, for a total transaction of $489,440.00. Following the completion of the acquisition, the director directly owned 248,248 shares in the company, valued at approximately $10,565,434.88. This represents a 4.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 14,544 shares of company stock valued at $627,173 over the last three months. 25.20% of the stock is owned by corporate insiders.

Institutional Trading of PhenixFIN

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its position in PhenixFIN by 55.4% in the second 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 position in shares of PhenixFIN by 3.0% during the 3rd quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock valued at $970,000 after acquiring an additional 590 shares during the last quarter. Finally, Adalta Capital Management LLC lifted its position in shares of PhenixFIN by 1.5% during the 4th quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock valued at $7,836,000 after acquiring an additional 2,630 shares during the last quarter. 43.35% of the stock is owned by institutional investors and hedge funds.

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.