PhenixFIN (NYSE:PFX) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

PhenixFIN Co. (NYSE:PFX) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $44.25 and traded as high as $47.08. PhenixFIN shares last traded at $45.63, with a volume of 5,595 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised PhenixFIN from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

PhenixFIN Stock Down 0.3%

The firm has a market cap of $91.17 million, a P/E ratio of 5.60 and a beta of 0.22. The firm’s 50 day moving average is $44.25 and its two-hundred day moving average is $45.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87.

Insider Buying and Selling at PhenixFIN

In other news, CEO David A. Lorber purchased 1,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was bought at an average price of $45.44 per share, with a total value of $45,440.00. Following the acquisition, the chief executive officer directly owned 145,891 shares of the company’s stock, valued at approximately $6,629,287.04. This represents a 0.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired 3,044 shares of company stock worth $137,733 over the last quarter. Company insiders own 25.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its holdings in PhenixFIN by 55.4% during the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after acquiring an additional 302 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of PhenixFIN by 3.0% during the third quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock worth $970,000 after purchasing an additional 590 shares during the period. Finally, Adalta Capital Management LLC raised its position in shares of PhenixFIN by 1.5% during the fourth quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock worth $7,836,000 after purchasing an additional 2,630 shares during the period. 43.35% of the stock is currently owned by institutional investors.

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.