PhenixFIN Co. (NYSE:PFX) CEO Buys $35,320.26 in Stock

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber purchased 766 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average price of $46.11 per share, for a total transaction of $35,320.26. Following the completion of the purchase, the chief executive officer now directly owns 125,983 shares in the company, valued at $5,809,076.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PhenixFIN Price Performance

Shares of NYSE:PFX opened at $47.44 on Monday. The company’s fifty day moving average price is $44.98 and its 200 day moving average price is $43.94. PhenixFIN Co. has a 12 month low of $35.51 and a 12 month high of $47.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a market capitalization of $95.83 million, a P/E ratio of 17.75 and a beta of 0.93.

PhenixFIN (NYSE:PFX) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.51). PhenixFIN had a return on equity of 3.63% and a net margin of 125.20%. The business had revenue of $4.66 million for the quarter, compared to analysts’ expectations of $5.60 million. As a group, sell-side analysts predict that PhenixFIN Co. will post 2.21 earnings per share for the current fiscal year.

PhenixFIN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 27th were given a dividend of $1.31 per share. This is an increase from PhenixFIN’s previous dividend of $0.12. The ex-dividend date was Thursday, May 23rd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PhenixFIN stock. Adalta Capital Management LLC increased its stake in shares of PhenixFIN Co. (NYSE:PFX) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,309 shares of the company’s stock after buying an additional 6,595 shares during the period. PhenixFIN comprises 3.5% of Adalta Capital Management LLC’s portfolio, making the stock its 11th largest holding. Adalta Capital Management LLC owned 7.05% of PhenixFIN worth $6,257,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.