PhenixFIN Co. (NYSE:PFX – Get Rating) CEO David A. Lorber purchased 2,217 shares of PhenixFIN stock in a transaction on Friday, May 13th. The stock was bought at an average price of $38.64 per share, for a total transaction of $85,664.88. Following the transaction, the chief executive officer now directly owns 61,954 shares in the company, valued at approximately $2,393,902.56. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
PFX stock opened at $38.67 on Friday. The stock’s 50 day simple moving average is $39.85 and its 200 day simple moving average is $40.74. PhenixFIN Co. has a fifty-two week low of $36.07 and a fifty-two week high of $44.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 4.73 and a current ratio of 3.39. The company has a market cap of $85.46 million, a P/E ratio of 13.08 and a beta of 1.51.
PhenixFIN (NYSE:PFX – Get Rating) last posted its quarterly earnings results on Thursday, February 10th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. PhenixFIN had a return on equity of 5.35% and a net margin of 38.83%. The business had revenue of $3.13 million for the quarter, compared to the consensus estimate of $2.92 million. Equities analysts predict that PhenixFIN Co. will post 0.58 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of PFX. Morgan Stanley raised its stake in PhenixFIN by 26.9% during the 2nd quarter. Morgan Stanley now owns 70,059 shares of the company’s stock worth $2,859,000 after buying an additional 14,835 shares during the period. O Shaughnessy Asset Management LLC raised its stake in PhenixFIN by 56.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,852 shares of the company’s stock worth $122,000 after buying an additional 1,024 shares during the period. Adalta Capital Management LLC raised its stake in shares of PhenixFIN by 92.4% in the third quarter. Adalta Capital Management LLC now owns 19,235 shares of the company’s stock worth $825,000 after purchasing an additional 9,235 shares during the last quarter. Confluence Investment Management LLC raised its stake in shares of PhenixFIN by 2.8% in the fourth quarter. Confluence Investment Management LLC now owns 24,000 shares of the company’s stock worth $1,008,000 after purchasing an additional 665 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of PhenixFIN in the fourth quarter worth approximately $7,222,000. 31.20% of the stock is currently owned by institutional investors and hedge funds.
About PhenixFIN (Get Rating)
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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