PhenixFIN (NYSE:PFX) CEO David Lorber Acquires 42,065 Shares

PhenixFIN Co. (NYSE:PFX) CEO David Lorber bought 42,065 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $39.95 per share, with a total value of $1,680,496.75. Following the transaction, the chief executive officer directly owned 245,198 shares in the company, valued at approximately $9,795,660.10. This trade represents a 20.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

PhenixFIN Stock Performance

NYSE:PFX opened at $38.94 on Friday. The company has a market capitalization of $75.26 million, a PE ratio of 4.78 and a beta of 0.27. The company has a 50 day simple moving average of $40.41 and a two-hundred day simple moving average of $42.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. PhenixFIN Co. has a fifty-two week low of $38.30 and a fifty-two week high of $53.59.

PhenixFIN Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, May 18th. PhenixFIN’s dividend payout ratio is currently -92.31%.

Analysts Set New Price Targets

Separately, Zacks Research cut PhenixFIN from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On PhenixFIN

Institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. boosted its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. boosted its holdings 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 worth $970,000 after buying an additional 590 shares in the last quarter. Finally, Adalta Capital Management LLC boosted its holdings in shares of PhenixFIN by 1.8% during the 3rd quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock worth $8,210,000 after buying an additional 3,100 shares in the last quarter. 43.35% of the stock is currently owned by institutional investors.

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.