PhenixFIN Co. (NYSE:PFX) Shares Bought by Adalta Capital Management LLC

Adalta Capital Management LLC lifted its holdings in shares of PhenixFIN Co. (NYSE:PFX - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 155,524 shares of the company's stock after acquiring an additional 5,921 shares during the quarter. PhenixFIN accounts for about 4.1% of Adalta Capital Management LLC's investment portfolio, making the stock its 9th biggest position. Adalta Capital Management LLC owned approximately 7.70% of PhenixFIN worth $7,777,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Crossingbridge Advisors LLC acquired a new stake in shares of PhenixFIN during the 4th quarter valued at approximately $507,000. AlphaCentric Advisors LLC bought a new position in shares of PhenixFIN in the 4th quarter worth about $507,000. Bulldog Investors LLP acquired a new position in shares of PhenixFIN in the 4th quarter valued at about $973,000. Finally, Raymond James Financial Inc. bought a new stake in shares of PhenixFIN during the 4th quarter valued at about $992,000. Institutional investors and hedge funds own 43.35% of the company's stock.

Insider Activity

In other PhenixFIN news, CEO David A. Lorber bought 800 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $53.72 per share, for a total transaction of $42,976.00. Following the transaction, the chief executive officer now directly owns 140,945 shares in the company, valued at $7,571,565.40. The trade was a 0.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders bought 2,100 shares of company stock valued at $113,046. 24.40% of the stock is currently owned by company insiders.

PhenixFIN Stock Performance

PFX traded up $0.74 on Friday, hitting $49.58. 202 shares of the company's stock were exchanged, compared to its average volume of 1,821. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The stock has a fifty day moving average of $50.88 and a two-hundred day moving average of $50.02. PhenixFIN Co. has a twelve month low of $43.95 and a twelve month high of $57.40. The firm has a market cap of $100.14 million, a PE ratio of 6.08 and a beta of 0.37.

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.