PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber Purchases 300 Shares

PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David A. Lorber acquired 300 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was acquired at an average price of $49.56 per share, with a total value of $14,868.00. Following the completion of the acquisition, the chief executive officer now directly owns 143,145 shares of the company's stock, valued at $7,094,266.20. This represents a 0.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

PhenixFIN Stock Performance

Shares of PFX stock traded down $0.08 during trading on Wednesday, reaching $49.89. The company had a trading volume of 797 shares, compared to its average volume of 1,963. PhenixFIN Co. has a one year low of $44.56 and a one year high of $57.40. 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 50 day simple moving average is $49.92 and its two-hundred day simple moving average is $50.35. The company has a market capitalization of $100.77 million, a PE ratio of 6.12 and a beta of 0.32.

Institutional Trading of PhenixFIN

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in PhenixFIN during the 4th quarter valued at approximately $992,000. Bulldog Investors LLP bought a new position in PhenixFIN in the 4th quarter worth approximately $973,000. Adalta Capital Management LLC lifted its holdings in shares of PhenixFIN by 8.3% during the first quarter. Adalta Capital Management LLC now owns 168,449 shares of the company's stock worth $8,931,000 after buying an additional 12,925 shares during the last quarter. Finally, Crossingbridge Advisors LLC bought a new stake in shares of PhenixFIN in the fourth quarter valued at approximately $507,000. 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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