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

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber purchased 766 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were bought at an average cost of $46.11 per share, for a total transaction of $35,320.26. Following the acquisition, the chief executive officer now owns 125,983 shares in the company, valued at $5,809,076.13. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

PhenixFIN Stock Down 1.0 %

Shares of PhenixFIN stock opened at $46.92 on Thursday. 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 twelve month low of $35.51 and a twelve month high of $48.00. The company has a market cap of $94.77 million, a price-to-earnings ratio of 18.30 and a beta of 0.93. The company’s 50 day moving average is $45.16 and its 200 day moving average is $44.08.

PhenixFIN (NYSE:PFX) last released its quarterly earnings results on Friday, May 10th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.60 million. Research analysts anticipate that PhenixFIN Co. will post 2.21 EPS for the current year.

PhenixFIN Increases Dividend

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

Institutional Trading of PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC lifted its stake in PhenixFIN Co. (NYSE:PFX) by 4.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,309 shares of the company’s stock after purchasing an additional 6,595 shares during the period. PhenixFIN accounts for approximately 3.5% of Adalta Capital Management LLC’s holdings, making the stock its 11th largest position. Adalta Capital Management LLC owned about 7.05% of PhenixFIN worth $6,257,000 as of its most recent SEC filing. 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.