PhenixFIN (NYSE:PFX) Stock Rating Lowered by Zacks Research

PhenixFIN (NYSE:PFX) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

PhenixFIN Price Performance

Shares of PFX opened at $40.74 on Thursday. The stock has a market capitalization of $78.75 million, a P/E ratio of 5.00 and a beta of 0.27. PhenixFIN has a twelve month low of $38.30 and a twelve month high of $53.59. The company has a 50 day moving average of $40.36 and a 200-day moving average of $42.59. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87.

Insider Activity at PhenixFIN

In other PhenixFIN news, Director Howard Amster purchased 11,500 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of $42.56 per share, with a total value of $489,440.00. Following the purchase, the director directly owned 248,248 shares of the company’s stock, valued at $10,565,434.88. The trade was a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David A. Lorber purchased 42,065 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $39.95 per share, with a total value of $1,680,496.75. Following the completion of the purchase, the chief executive officer directly owned 245,198 shares in the company, valued at approximately $9,795,660.10. This represents a 20.71% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 25.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On PhenixFIN

Hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of PhenixFIN by 55.4% in the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock valued at $43,000 after buying an additional 302 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of PhenixFIN by 3.0% in the third quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock valued at $970,000 after buying an additional 590 shares in the last quarter. Finally, Adalta Capital Management LLC grew its stake in shares of PhenixFIN by 1.5% in the fourth quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock valued at $7,836,000 after buying an additional 2,630 shares in the last quarter. 43.35% of the stock is 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.