Insider Buying: PhenixFIN Co. (NYSE:PFX) CEO Purchases 1,000 Shares of Stock

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber bought 1,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $53.92 per share, for a total transaction of $53,920.00. Following the completion of the transaction, the chief executive officer now owns 142,145 shares of the company’s stock, valued at approximately $7,664,458.40. The trade was 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.

PhenixFIN Stock Up 1.2 %

Shares of PhenixFIN stock opened at $54.00 on Thursday. 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 firm has a market cap of $109.08 million, a P/E ratio of 6.63 and a beta of 0.88. PhenixFIN Co. has a fifty-two week low of $42.50 and a fifty-two week high of $57.40. The business has a 50-day moving average price of $50.16 and a 200 day moving average price of $48.48.

PhenixFIN Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 17th were given a $1.43 dividend. This represents a yield of 5.59%. This is an increase from PhenixFIN’s previous dividend of $1.31. The ex-dividend date was Friday, February 14th. PhenixFIN’s dividend payout ratio is 5.89%.

Institutional Investors Weigh In On PhenixFIN

Institutional investors have recently added to or reduced their stakes in the company. Crossingbridge Advisors LLC acquired a new stake in shares of PhenixFIN during the 4th quarter valued at $507,000. AlphaCentric Advisors LLC acquired a new stake in shares of PhenixFIN during the 4th quarter valued at $507,000. Bulldog Investors LLP acquired a new stake in shares of PhenixFIN during the 4th quarter valued at $973,000. Raymond James Financial Inc. acquired a new stake in shares of PhenixFIN during the 4th quarter valued at $992,000. Finally, Adalta Capital Management LLC lifted its position in shares of PhenixFIN by 4.0% during the 4th 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 last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.

About PhenixFIN

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.