PhenixFIN (NYSE:PFX) Stock Passes Above 50 Day Moving Average – Time to Sell?

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 $49.73 and traded as high as $57.40. PhenixFIN shares last traded at $52.00, with a volume of 1,551 shares trading hands.

PhenixFIN Price Performance

The company has a market capitalization of $105.03 million, a P/E ratio of 6.38 and a beta of 0.99. The company has a fifty day moving average price of $49.73 and a 200 day moving average price of $48.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21.

PhenixFIN Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 17th were issued a dividend of $1.43 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from PhenixFIN’s previous dividend of $1.31. This represents a dividend yield of 5.59%.

Insider Buying and Selling

In other PhenixFIN news, CEO David A. Lorber acquired 12,871 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of $48.05 per share, with a total value of $618,451.55. Following the acquisition, the chief executive officer now directly owns 138,854 shares of the company’s stock, valued at $6,671,934.70. This represents a 10.22 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 24.40% of the company’s stock.

Hedge Funds Weigh In On PhenixFIN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFX. AlphaCentric Advisors LLC bought a new position in PhenixFIN in the 4th quarter worth approximately $507,000. Raymond James Financial Inc. bought a new position in PhenixFIN in the 4th quarter worth approximately $992,000. Crossingbridge Advisors LLC bought a new position in PhenixFIN in the 4th quarter worth approximately $507,000. Bulldog Investors LLP bought a new position in PhenixFIN in the 4th quarter worth approximately $973,000. Finally, Adalta Capital Management LLC grew its holdings in PhenixFIN by 4.0% in the 4th quarter. Adalta Capital Management LLC now owns 155,524 shares of the company’s stock worth $7,777,000 after buying an additional 5,921 shares in the last quarter. 43.35% of the stock is owned by institutional investors.

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.