Crossingbridge Advisors LLC Makes New Investment in PhenixFIN Co. (NYSE:PFX)

Crossingbridge Advisors LLC acquired a new position in PhenixFIN Co. (NYSE:PFX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,300 shares of the company's stock, valued at approximately $507,000. Crossingbridge Advisors LLC owned approximately 0.51% of PhenixFIN as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Raymond James Financial Inc. purchased a new position in shares of PhenixFIN in the 4th quarter valued at about $992,000. 43.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PhenixFIN news, CEO David A. Lorber acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $53.92 per share, with a total value of $53,920.00. Following the purchase, the chief executive officer now owns 142,145 shares in the company, valued at approximately $7,664,458.40. The trade was a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought a total of 2,600 shares of company stock worth $137,681 in the last quarter. Company insiders own 24.40% of the company's stock.

PhenixFIN Price Performance

Shares of NYSE PFX traded down $0.08 during midday trading on Thursday, hitting $49.38. The company had a trading volume of 261 shares, compared to its average volume of 1,908. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $52.12 and a two-hundred day simple moving average of $49.82. PhenixFIN Co. has a twelve month low of $42.50 and a twelve month high of $57.40. The firm has a market capitalization of $99.74 million, a price-to-earnings ratio of 6.06 and a beta of 0.31.

PhenixFIN Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 17th were paid a dividend of $1.43 per share. This is a positive change from PhenixFIN's previous dividend of $1.31. The ex-dividend date was Friday, February 14th. This represents a dividend yield of 5.59%. PhenixFIN's payout ratio is 5.89%.

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.