PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber Acquires 800 Shares

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber purchased 800 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $53.72 per share, with a total value of $42,976.00. Following the purchase, the chief executive officer now directly owns 140,945 shares of the company’s stock, valued at approximately $7,571,565.40. The trade was a 0.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PhenixFIN Trading Up 1.2 %

NYSE:PFX opened at $54.00 on Thursday. The stock has a fifty day moving average price of $50.16 and a two-hundred day moving average price of $48.48. The stock has a market capitalization 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 quick ratio of 1.21 and a current ratio of 1.21. PhenixFIN Co. has a 1 year low of $42.50 and a 1 year high of $57.40.

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 issued a $1.43 dividend. This is a positive change from PhenixFIN’s previous dividend of $1.31. The ex-dividend date of this dividend was Friday, February 14th. This represents a yield of 5.59%. PhenixFIN’s dividend payout ratio is 5.89%.

Institutional Trading of PhenixFIN

Several large investors have recently bought and sold shares of PFX. Crossingbridge Advisors LLC acquired a new stake in PhenixFIN in the fourth quarter valued at $507,000. AlphaCentric Advisors LLC acquired a new stake in shares of PhenixFIN during the fourth quarter valued at $507,000. Bulldog Investors LLP acquired a new stake in shares of PhenixFIN during the fourth quarter valued at $973,000. Raymond James Financial Inc. acquired a new stake in shares of PhenixFIN during the fourth quarter valued at $992,000. Finally, Adalta Capital Management LLC boosted its stake in shares of PhenixFIN by 4.0% during the fourth 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. Institutional investors and hedge funds own 43.35% of the company’s stock.

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.