PhenixFIN (NYSE:PFX) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

PhenixFIN Co. (NYSE:PFX - Get Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $51.49 and traded as low as $48.96. PhenixFIN shares last traded at $48.88, with a volume of 2,366 shares.

PhenixFIN Stock 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 market cap of $102.01 million, a PE ratio of 6.20 and a beta of 0.37. The business's fifty day moving average is $51.20 and its 200-day moving average is $49.96.

Insider Buying and Selling

In other PhenixFIN news, CEO David A. Lorber acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $53.92 per share, with a total value of $53,920.00. Following the completion of the acquisition, the chief executive officer now owns 142,145 shares in the company, valued at $7,664,458.40. This represents a 0.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have acquired 2,100 shares of company stock valued at $113,046. 24.40% of the stock is owned by insiders.

Hedge Funds Weigh In On PhenixFIN

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AlphaCentric Advisors LLC purchased a new position in PhenixFIN during the fourth quarter valued at approximately $507,000. Raymond James Financial Inc. purchased a new position in PhenixFIN during the fourth quarter valued at approximately $992,000. Crossingbridge Advisors LLC purchased a new position in PhenixFIN during the fourth quarter valued at approximately $507,000. Bulldog Investors LLP purchased a new position in PhenixFIN during the fourth quarter valued at approximately $973,000. Finally, Adalta Capital Management LLC lifted its holdings in PhenixFIN by 4.0% during the fourth quarter. Adalta Capital Management LLC now owns 155,524 shares of the company's stock valued at $7,777,000 after purchasing an additional 5,921 shares in the last quarter. Hedge funds and other 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.