PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David A. Lorber purchased 300 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was bought at an average price of $49.56 per share, for a total transaction of $14,868.00. Following the completion of the transaction, the chief executive officer now directly owns 143,145 shares in the company, valued at approximately $7,094,266.20. The trade was a 0.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
PhenixFIN Stock Performance
NYSE PFX traded up $0.98 during midday trading on Friday, hitting $50.94. The company had a trading volume of 797 shares, compared to its average volume of 1,965. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87. The stock has a market cap of $102.90 million, a price-to-earnings ratio of 6.25 and a beta of 0.32. The firm has a fifty day simple moving average of $49.87 and a two-hundred day simple moving average of $50.39. PhenixFIN Co. has a fifty-two week low of $44.56 and a fifty-two week high of $57.40.
Institutional Trading of PhenixFIN
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of PhenixFIN during the 4th quarter valued at about $992,000. Crossingbridge Advisors LLC acquired a new stake in shares of PhenixFIN during the 4th quarter valued at about $507,000. Bulldog Investors LLP acquired a new stake in shares of PhenixFIN during the 4th quarter valued at about $973,000. Finally, Adalta Capital Management LLC boosted its position 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 valued at $7,777,000 after acquiring an additional 5,921 shares in the last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.
PhenixFIN Company Profile
(
Get Free Report)
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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