PhenixFIN (NYSE:PFX) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Shares of PhenixFIN Co. (NYSE:PFX - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $49.73 and traded as low as $49.01. PhenixFIN shares last traded at $49.87, with a volume of 1,098 shares trading hands.

PhenixFIN Price Performance

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 company has a fifty day moving average price of $49.77 and a two-hundred day moving average price of $50.53. The firm has a market capitalization of $99.84 million, a price-to-earnings ratio of 6.06 and a beta of 0.32.

Insider Buying and Selling at PhenixFIN

In other PhenixFIN news, CEO David A. Lorber bought 700 shares of PhenixFIN stock in a transaction on Monday, June 16th. The stock was bought at an average price of $47.91 per share, with a total value of $33,537.00. Following the completion of the acquisition, the chief executive officer owned 142,845 shares in the company, valued at $6,843,703.95. The trade was a 0.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 24.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PhenixFIN

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crossingbridge Advisors LLC purchased a new position in shares of PhenixFIN in the fourth quarter valued at $507,000. Bulldog Investors LLP purchased a new stake in PhenixFIN during the 4th quarter worth about $973,000. Raymond James Financial Inc. purchased a new stake in PhenixFIN during the 4th quarter worth about $992,000. Finally, Adalta Capital Management LLC increased its position in 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 in the last quarter. Institutional investors and hedge funds 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.