PhenixFIN (NYSE:PFX) Stock Passes Above 50 Day Moving Average – Here’s Why

PhenixFIN Co. (NYSE:PFX)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $47.21 and traded as high as $47.63. PhenixFIN shares last traded at $47.29, with a volume of 1,100 shares traded.

PhenixFIN Stock Down 0.7 %

The firm has a market capitalization of $95.53 million, a PE ratio of 3.75 and a beta of 0.99. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average of $47.21 and a two-hundred day moving average of $45.99.

PhenixFIN (NYSE:PFX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.65 by $0.33. PhenixFIN had a return on equity of 4.05% and a net margin of 89.07%. The firm had revenue of $6.24 million for the quarter, compared to analyst estimates of $5.71 million. On average, equities research analysts forecast that PhenixFIN Co. will post 3.24 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC grew its holdings in shares of PhenixFIN Co. (NYSE:PFX) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,309 shares of the company’s stock after buying an additional 6,595 shares during the period. PhenixFIN accounts for about 3.5% of Adalta Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Adalta Capital Management LLC owned 7.05% of PhenixFIN worth $6,257,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.