PhenixFIN (NYSE:PFX) Upgraded at Zacks Research

Key Points

• PhenixFIN (NYSE:PFX) has been upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, indicating increased confidence in the company's performance.
• Adalta Capital Management LLC increased its stake in PhenixFIN by 8.3%, now holding 168,449 shares, which accounts for 4.8% of their holdings and makes PhenixFIN their sixth largest position.
• The company's current stock price is $47.82, with a market capitalization of approximately $95.82 million and a price-to-earnings ratio of 5.87.

PhenixFIN (NYSE:PFX - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports.

PhenixFIN Price Performance

Shares of PFX opened at $47.82 on Wednesday. The firm has a market capitalization of $95.82 million, a price-to-earnings ratio of 5.87 and a beta of 0.31. The firm's fifty day simple moving average is $48.82 and its 200-day simple moving average is $49.84. PhenixFIN has a twelve month low of $44.56 and a twelve month high of $57.40. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC raised its stake in PhenixFIN Co. (NYSE:PFX - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,449 shares of the company's stock after purchasing an additional 12,925 shares during the period. PhenixFIN accounts for about 4.8% of Adalta Capital Management LLC's holdings, making the stock its 6th biggest position. Adalta Capital Management LLC owned 8.34% of PhenixFIN worth $8,931,000 as of its most recent filing with the Securities & Exchange Commission. 43.35% of the stock is currently owned by institutional investors and hedge funds.

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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