David Lorber Acquires 1,000 Shares of PhenixFIN (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX) CEO David Lorber purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of $45.44 per share, with a total value of $45,440.00. Following the completion of the transaction, the chief executive officer owned 145,891 shares in the company, valued at $6,629,287.04. This trade represents a 0.69% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PhenixFIN Trading Down 2.3%

NYSE:PFX opened at $43.96 on Wednesday. The business’s 50-day moving average is $43.72 and its two-hundred day moving average is $46.96. The firm has a market capitalization of $87.95 million, a PE ratio of 5.39 and a beta of 0.24. PhenixFIN Co. has a 12 month low of $41.00 and a 12 month high of $57.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of PhenixFIN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Trading of PhenixFIN

A number of hedge funds have recently made changes to their positions in the stock. Adalta Capital Management LLC raised its holdings in PhenixFIN by 1.8% in the third quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock valued at $8,210,000 after acquiring an additional 3,100 shares in the last quarter. Raymond James Financial Inc. grew its holdings 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 acquiring an additional 590 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position 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 purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 43.35% of the company’s stock.

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.