Bulldog Investors LLP Acquires Shares of 19,218 PhenixFIN Co. (NYSE:PFX)

Bulldog Investors LLP bought a new position in shares of PhenixFIN Co. (NYSE:PFX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,218 shares of the company's stock, valued at approximately $973,000. Bulldog Investors LLP owned 0.95% of PhenixFIN as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Crossingbridge Advisors LLC acquired a new stake in shares of PhenixFIN during the 4th quarter valued at $507,000. AlphaCentric Advisors LLC purchased a new stake in shares of PhenixFIN during the fourth quarter valued at $507,000. Finally, Raymond James Financial Inc. purchased a new position in PhenixFIN in the 4th quarter worth about $992,000. 43.35% of the stock is currently owned by institutional investors.

Insider Activity at PhenixFIN

In other PhenixFIN news, CEO David A. Lorber purchased 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $53.92 per share, with a total value of $53,920.00. Following the completion of the transaction, the chief executive officer now owns 142,145 shares in the company, valued at $7,664,458.40. This trade represents a 0.71 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 2,600 shares of company stock valued at $137,681. Company insiders own 24.40% of the company's stock.

PhenixFIN Trading Up 0.0 %

PFX stock traded up $0.02 during mid-day trading on Friday, reaching $49.02. 2,880 shares of the stock traded hands, compared to its average volume of 1,884. PhenixFIN Co. has a 52-week low of $43.95 and a 52-week high of $57.40. The stock's fifty day moving average is $51.59 and its 200-day moving average is $49.87. The company has a market cap of $99.01 million, a P/E ratio of 6.01 and a beta of 0.37. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87.

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.