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

PhenixFIN Co. (NYSE:PFX - Get Free Report)'s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

PhenixFIN Price Performance

The stock has a market capitalization of $98.73 million, a price-to-earnings ratio of 6.00 and a beta of 0.37. The company has a 50 day moving average of $51.49 and a 200 day moving average of $49.90. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87.

Insider Buying and Selling at PhenixFIN

In other news, CEO David A. Lorber purchased 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $53.92 per share, with a total value of $53,920.00. Following the completion of the transaction, the chief executive officer now owns 142,145 shares in the company, valued at approximately $7,664,458.40. The trade was a 0.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders bought 2,600 shares of company stock valued at $137,681. Company insiders own 24.40% of the company's stock.

Institutional Investors Weigh In On PhenixFIN

A number of institutional investors have recently added to or reduced their stakes in the company. Adalta Capital Management LLC grew its position 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 acquiring an additional 5,921 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of PhenixFIN in the fourth quarter valued at about $992,000. Bulldog Investors LLP acquired a new stake in shares of PhenixFIN in the fourth quarter valued at about $973,000. AlphaCentric Advisors LLC acquired a new stake in shares of PhenixFIN in the fourth quarter valued at about $507,000. Finally, Crossingbridge Advisors LLC acquired a new stake in shares of PhenixFIN in the fourth quarter valued at about $507,000. 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.

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