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

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber bought 800 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $53.72 per share, for a total transaction of $42,976.00. Following the acquisition, the chief executive officer now owns 140,945 shares of the company’s stock, valued at $7,571,565.40. This trade represents a 0.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

PhenixFIN Stock Performance

PFX stock opened at $53.75 on Friday. PhenixFIN Co. has a 1-year low of $42.50 and a 1-year 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. The stock has a 50-day moving average price of $50.22 and a 200-day moving average price of $48.52. The firm has a market cap of $108.58 million, a PE ratio of 6.60 and a beta of 0.88.

PhenixFIN Increases Dividend

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

Institutional Trading of PhenixFIN

Several large investors have recently modified their holdings of the stock. 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 period. Bulldog Investors LLP bought a new stake in PhenixFIN in the fourth quarter valued at $973,000. Crossingbridge Advisors LLC acquired a new position in shares of PhenixFIN during the fourth quarter valued at about $507,000. Raymond James Financial Inc. bought a new position in shares of PhenixFIN during the 4th quarter worth about $992,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of PhenixFIN in the 4th quarter valued at about $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.