PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David A. Lorber purchased 700 shares of PhenixFIN stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $47.91 per share, with a total value of $33,537.00. Following the transaction, the chief executive officer now owns 142,845 shares in the company, valued at $6,843,703.95. This represents a 0.49% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
PhenixFIN Stock Up 2.0%
PhenixFIN stock traded up $0.98 during trading hours on Friday, hitting $50.94. The company had a trading volume of 797 shares, compared to its average volume of 1,965. The firm has a market capitalization of $102.90 million, a P/E ratio of 6.25 and a beta of 0.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The firm's fifty day moving average is $49.87 and its 200-day moving average is $50.39. PhenixFIN Co. has a fifty-two week low of $44.56 and a fifty-two week high of $57.40.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Adalta Capital Management LLC increased its stake in shares of PhenixFIN by 4.0% during the 4th 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. Crossingbridge Advisors LLC acquired a new position in PhenixFIN in the 4th quarter valued at $507,000. Bulldog Investors LLP acquired a new position in PhenixFIN in the 4th quarter valued at $973,000. Finally, Raymond James Financial Inc. acquired a new position in PhenixFIN in the 4th quarter valued at $992,000. Institutional investors and hedge funds own 43.35% of the company's stock.
About PhenixFIN
(
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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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