PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber Acquires 700 Shares

PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David A. Lorber bought 700 shares of the stock in a transaction on Monday, June 16th. The shares were acquired at an average cost of $47.91 per share, for a total transaction of $33,537.00. Following the acquisition, the chief executive officer now directly owns 142,845 shares in the company, valued at approximately $6,843,703.95. This trade represents a 0.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PhenixFIN Stock Performance

PFX stock traded down $0.08 during midday trading on Wednesday, reaching $49.89. 797 shares of the company's stock traded hands, compared to its average volume of 1,963. The company has a 50-day moving average price of $49.92 and a two-hundred day moving average price of $50.35. 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 52 week low of $44.56 and a 52 week high of $57.40. The firm has a market capitalization of $100.77 million, a PE ratio of 6.12 and a beta of 0.32.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Crossingbridge Advisors LLC bought a new position in shares of PhenixFIN in the fourth quarter worth $507,000. Bulldog Investors LLP bought a new position in shares of PhenixFIN in the fourth quarter worth $973,000. Raymond James Financial Inc. bought a new position in PhenixFIN in the fourth quarter valued at $992,000. Finally, Adalta Capital Management LLC increased its stake in PhenixFIN by 4.0% in the fourth quarter. Adalta Capital Management LLC now owns 155,524 shares of the company's stock valued at $7,777,000 after acquiring an additional 5,921 shares during the last quarter. Institutional investors own 43.35% of the company's stock.

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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