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

PhenixFIN Co. (NYSE:PFX)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $46.11 and traded as low as $44.35. PhenixFIN shares last traded at $45.7440, with a volume of 204 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of PhenixFIN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

PhenixFIN Stock Performance

The stock has a market capitalization of $91.53 million, a PE ratio of 5.61 and a beta of 0.22. 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 firm’s 50 day moving average is $44.15 and its two-hundred day moving average is $46.09.

Insider Transactions at PhenixFIN

In related news, CEO David A. Lorber bought 1,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average cost of $45.44 per share, with a total value of $45,440.00. Following the purchase, the chief executive officer directly owned 145,891 shares of the company’s stock, valued at $6,629,287.04. This trade represents a 0.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders acquired 3,044 shares of company stock valued at $137,733 in the last ninety days. Company insiders own 24.40% of the company’s stock.

Institutional Investors Weigh In On PhenixFIN

Hedge funds have recently made changes to their positions in the business. Adalta Capital Management LLC lifted its holdings in shares of PhenixFIN by 1.8% during the third quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock worth $8,210,000 after purchasing an additional 3,100 shares during the period. Raymond James Financial Inc. raised its position in 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 during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of PhenixFIN by 55.4% in the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after acquiring an additional 302 shares during the period. Institutional investors and hedge funds own 43.35% of the company’s stock.

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.