Insider Buying: PhenixFIN Co. (NYSE:PFX) CEO Buys 628 Shares of Stock

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber acquired 628 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average price of $44.98 per share, with a total value of $28,247.44. Following the transaction, the chief executive officer now owns 124,961 shares in the company, valued at $5,620,745.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PhenixFIN Trading Up 0.8 %

Shares of PFX traded up $0.36 during trading hours on Friday, reaching $45.20. The stock had a trading volume of 1,926 shares, compared to its average volume of 4,382. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.55. PhenixFIN Co. has a 52 week low of $35.04 and a 52 week high of $47.30. The firm has a 50-day moving average of $44.76 and a 200 day moving average of $43.57. The company has a market cap of $91.30 million, a P/E ratio of 3.59 and a beta of 0.93.

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

PhenixFIN Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 27th were issued a dividend of $1.31 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This is a boost from PhenixFIN’s previous dividend of $0.12.

Hedge Funds Weigh In On PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC boosted its position in shares of PhenixFIN Co. (NYSE:PFX) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,999 shares of the company’s stock after purchasing an additional 1,500 shares during the period. PhenixFIN comprises 3.4% of Adalta Capital Management LLC’s holdings, making the stock its 11th largest position. Adalta Capital Management LLC owned approximately 6.32% of PhenixFIN worth $5,013,000 as of its most recent filing with the Securities and Exchange Commission. 43.35% of the stock is owned by institutional investors and hedge funds.

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.