PhenixFIN Co. (NYSE:PFX - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $49.85 and traded as low as $49.15. PhenixFIN shares last traded at $49.88, with a volume of 797 shares changing hands.
PhenixFIN Trading Up 0.5%
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's 50-day moving average is $49.79 and its two-hundred day moving average is $50.48. The firm has a market cap of $102.52 million, a P/E ratio of 6.23 and a beta of 0.32.
Insider Buying and Selling at PhenixFIN
In other news, CEO David A. Lorber bought 700 shares of PhenixFIN stock in a transaction on Monday, June 16th. The stock was purchased at an average cost of $47.91 per share, with a total value of $33,537.00. Following the purchase, the chief executive officer now directly owns 142,845 shares of the company's stock, valued at approximately $6,843,703.95. This trade represents a 0.49% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 24.40% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of PFX. Crossingbridge Advisors LLC acquired a new position in PhenixFIN during the 4th quarter valued at about $507,000. Bulldog Investors LLP bought a new position in shares of PhenixFIN in the fourth quarter valued at approximately $973,000. Raymond James Financial Inc. acquired a new position in shares of PhenixFIN during the fourth quarter valued at approximately $992,000. Finally, Adalta Capital Management LLC raised 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 worth $7,777,000 after purchasing an additional 5,921 shares in the last quarter. 43.35% of the stock is owned by institutional investors and hedge funds.
About PhenixFIN
(
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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.
Further Reading
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