Insider Buying: PhenixFIN Co. (NYSE:PFX) CFO Acquires 350 Shares of Stock

Key Points

• Ellida Mcmillan, CFO of PhenixFIN Co., purchased 350 shares of the company's stock at an average price of $49.25, increasing their ownership by 13.27% to a total of 2,987 shares.
• PhenixFIN's stock is currently valued at approximately $49.25 per share with a market capitalization of $98.70 million and a P/E ratio of 6.04.
• Institutional investors own 43.35% of PhenixFIN stock, indicating significant interest from hedge funds and investment firms.

PhenixFIN Co. (NYSE:PFX - Get Free Report) CFO Ellida Mcmillan bought 350 shares of PhenixFIN stock in a transaction dated Thursday, August 14th. The stock was acquired at an average price of $49.25 per share, with a total value of $17,237.50. Following the completion of the transaction, the chief financial officer directly owned 2,987 shares of the company's stock, valued at approximately $147,109.75. The trade was a 13.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ellida Mcmillan also recently made the following trade(s):

• On Monday, June 23rd, Ellida Mcmillan bought 1 shares of PhenixFIN stock. The stock was acquired at an average price of $48.12 per share, with a total value of $48.12.

PhenixFIN Price Performance

Shares of NYSE PFX traded down $0.12 during mid-day trading on Monday, reaching $49.25. The company's stock had a trading volume of 236 shares, compared to its average volume of 2,223. The stock has a 50-day moving average of $49.54 and a two-hundred day moving average of $50.55. The stock has a market capitalization of $98.70 million, a P/E ratio of 6.04 and a beta of 0.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. PhenixFIN Co. has a 1-year low of $44.56 and a 1-year high of $57.40.

Institutional Investors Weigh In On PhenixFIN

A number of hedge funds have recently modified their holdings of the business. Crossingbridge Advisors LLC acquired a new stake in PhenixFIN during the fourth quarter worth about $507,000. Bulldog Investors LLP acquired a new stake in PhenixFIN during the fourth quarter worth about $973,000. Raymond James Financial Inc. acquired a new stake in PhenixFIN during the fourth quarter worth about $992,000. Finally, Adalta Capital Management LLC increased its position in PhenixFIN by 4.0% during the fourth quarter. Adalta Capital Management LLC now owns 155,524 shares of the company's stock worth $7,777,000 after purchasing an additional 5,921 shares during the last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.

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.

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