PhenixFIN Co. (NYSE:PFX) CEO Acquires $53,920.00 in Stock
PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David A. Lorber acquired 1,000 shares of PhenixFIN stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $53.92 per share, with a total value of $53,920.00. Following the transaction, the chief executive officer now directly owns 142,145 shares in the company, valued at approximately $7,664,458.40. This trade represents a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
PhenixFIN stock traded up $0.65 during mid-day trading on Wednesday, hitting $54.00. 7,366 shares of the company's stock traded hands, compared to its average volume of 2,041. The firm has a 50 day moving average price of $50.16 and a 200 day moving average price of $48.48. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87. The company has a market cap of $109.08 million, a PE ratio of 6.63 and a beta of 0.88. PhenixFIN Co. has a one year low of $42.50 and a one year high of $57.40.
The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 17th were paid a $1.43 dividend. This represents a dividend yield of 5.59%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from PhenixFIN's previous dividend of $1.31. PhenixFIN's payout ratio is currently 5.89%.
Hedge funds and other institutional investors have recently modified their holdings of the company. AlphaCentric Advisors LLC bought a new stake in shares of PhenixFIN in the 4th quarter worth $507,000. Adalta Capital Management LLC raised its stake in shares of 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. Raymond James Financial Inc. bought a new stake in shares of PhenixFIN in the 4th quarter worth $992,000. Bulldog Investors LLP bought a new stake in shares of PhenixFIN in the 4th quarter worth $973,000. Finally, Crossingbridge Advisors LLC bought a new stake in shares of PhenixFIN in the 4th quarter worth $507,000. Institutional investors own 43.35% of the company's stock.
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.
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