PhenixFIN Co. (NYSE:PFX) CEO Acquires $42,976.00 in Stock

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber purchased 800 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $53.72 per share, for a total transaction of $42,976.00. Following the completion of the purchase, the chief executive officer now owns 140,945 shares in the company, valued at $7,571,565.40. The trade was a 0.57 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

PhenixFIN Stock Performance

PhenixFIN stock opened at $54.00 on Thursday. The company has a market cap of $109.08 million, a price-to-earnings ratio of 6.63 and a beta of 0.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. PhenixFIN Co. has a 12 month low of $42.50 and a 12 month high of $57.40. The stock’s 50-day moving average is $50.16 and its 200-day moving average is $48.48.

PhenixFIN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 17th were paid a dividend of $1.43 per share. This represents a yield of 5.59%. The ex-dividend date was Friday, February 14th. This is a positive change from PhenixFIN’s previous dividend of $1.31. PhenixFIN’s dividend payout ratio (DPR) is 5.89%.

Institutional Investors Weigh In On PhenixFIN

Hedge funds have recently bought and sold shares of the business. Adalta Capital Management LLC grew its position in shares of PhenixFIN by 4.0% in the 4th quarter. Adalta Capital Management LLC now owns 155,524 shares of the company’s stock worth $7,777,000 after acquiring an additional 5,921 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of PhenixFIN in the 4th quarter worth approximately $992,000. Bulldog Investors LLP acquired a new position in shares of PhenixFIN in the 4th quarter worth approximately $973,000. AlphaCentric Advisors LLC acquired a new position in shares of PhenixFIN in the 4th quarter worth approximately $507,000. Finally, Crossingbridge Advisors LLC acquired a new position in PhenixFIN during the 4th quarter valued at approximately $507,000. Institutional investors and hedge funds own 43.35% of the company’s stock.

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.