Adalta Capital Management LLC Has $7.78 Million Stock Position in PhenixFIN Co. (NYSE:PFX)

Adalta Capital Management LLC increased its position in shares of PhenixFIN Co. (NYSE:PFX - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 155,524 shares of the company's stock after acquiring an additional 5,921 shares during the period. PhenixFIN comprises about 4.1% of Adalta Capital Management LLC's portfolio, making the stock its 9th biggest position. Adalta Capital Management LLC owned about 7.70% of PhenixFIN worth $7,777,000 at the end of the most recent reporting period.

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

PhenixFIN Trading Up 1.5%

PFX traded up $0.74 during midday trading on Monday, hitting $49.58. 202 shares of the company were exchanged, compared to its average volume of 1,825. The firm's 50 day moving average price is $50.88 and its 200-day moving average price is $50.05. PhenixFIN Co. has a 1-year low of $44.32 and a 1-year high of $57.40. The firm has a market capitalization of $100.14 million, a P/E ratio of 6.08 and a beta of 0.37. 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 Transactions at PhenixFIN

In other news, CEO David A. Lorber acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $53.92 per share, for a total transaction of $53,920.00. Following the completion of the transaction, the chief executive officer now directly owns 142,145 shares in the company, valued at $7,664,458.40. This represents a 0.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 2,100 shares of company stock worth $113,046 over the last ninety days. 24.40% of the stock is owned by insiders.

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.