PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber Purchases 1,000 Shares of Stock

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber purchased 1,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $53.92 per share, with a total value of $53,920.00. Following the transaction, the chief executive officer now directly owns 142,145 shares of the company’s stock, valued at $7,664,458.40. This represents a 0.71 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

PhenixFIN Price Performance

Shares of NYSE:PFX opened at $54.00 on Thursday. PhenixFIN Co. has a 52 week low of $42.50 and a 52 week high of $57.40. The company has a market cap of $109.08 million, a P/E ratio of 6.63 and a beta of 0.88. 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 business has a fifty day simple moving average of $50.16 and a 200-day simple moving average of $48.48.

PhenixFIN Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 17th were issued a $1.43 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a yield of 5.59%. This is a boost from PhenixFIN’s previous dividend of $1.31. PhenixFIN’s dividend payout ratio (DPR) is presently 5.89%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crossingbridge Advisors LLC acquired a new position in PhenixFIN in the fourth quarter valued at $507,000. AlphaCentric Advisors LLC acquired a new position in shares of PhenixFIN during the fourth quarter worth about $507,000. Bulldog Investors LLP acquired a new position in shares of PhenixFIN during the fourth quarter worth about $973,000. Raymond James Financial Inc. acquired a new position in shares of PhenixFIN during the fourth quarter worth about $992,000. Finally, Adalta Capital Management LLC lifted 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 worth $7,777,000 after purchasing an additional 5,921 shares in the last quarter. 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.