Raymond James Financial Inc. acquired a new position in PhenixFIN Co. (NYSE:PFX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,598 shares of the company's stock, valued at approximately $992,000. Raymond James Financial Inc. owned approximately 0.97% of PhenixFIN at the end of the most recent quarter.

Separately, AlphaCentric Advisors LLC bought a new stake in PhenixFIN during the fourth quarter worth approximately $507,000. Institutional investors own 43.35% of the company's stock.

In related news, CEO David A. Lorber purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $53.92 per share, with a total value of $53,920.00. Following the purchase, the chief executive officer now directly owns 142,145 shares in the company, valued at $7,664,458.40. This represents a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought a total of 2,600 shares of company stock valued at $137,681 in the last quarter. Corporate insiders own 24.40% of the company's stock.

PhenixFIN stock opened at $52.58 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a fifty day moving average price of $51.70 and a two-hundred day moving average price of $49.36. The firm has a market cap of $106.20 million, a price-to-earnings ratio of 6.45 and a beta of 0.88. PhenixFIN Co. has a fifty-two week low of $42.50 and a fifty-two week high of $57.40.

The business also recently declared a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 17th were issued a $1.43 dividend. The ex-dividend date was Friday, February 14th. This is an increase from PhenixFIN's previous dividend of $1.31. This represents a yield of 5.59%. PhenixFIN's dividend payout ratio is 5.89%.

(Free Report)

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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