PhenixFIN Co. (NYSE:PFX - Get Free Report)'s share price passed 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.
PhenixFIN Trading Up 1.2%
The company has a market cap of $100.98 million, a P/E ratio of 6.13 and a beta of 0.32. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $49.73 and a 200-day moving average price of $50.55.
Insider Activity
In related news, CEO David A. Lorber acquired 700 shares of the company's stock in a transaction dated Monday, June 16th. The shares were bought at an average price of $47.91 per share, for a total transaction of $33,537.00. Following the purchase, the chief executive officer directly owned 142,845 shares in the company, valued at approximately $6,843,703.95. This trade represents a 0.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 24.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in PhenixFIN in the 4th quarter valued at $992,000. Bulldog Investors LLP acquired a new position in PhenixFIN in the 4th quarter valued at $973,000. Adalta Capital Management LLC grew its holdings in PhenixFIN by 8.3% in the 1st quarter. Adalta Capital Management LLC now owns 168,449 shares of the company's stock valued at $8,931,000 after buying an additional 12,925 shares in the last quarter. Finally, Crossingbridge Advisors LLC acquired a new position in PhenixFIN in the 4th quarter valued at $507,000. 43.35% of the stock is owned by institutional investors and hedge funds.
About PhenixFIN
(
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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