David A. Lorber Buys 800 Shares of PhenixFIN Co. (NYSE:PFX) Stock

PhenixFIN Co. (NYSE:PFX - Get Free Report) CEO David A. Lorber bought 800 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $53.72 per share, with a total value of $42,976.00. Following the completion of the purchase, the chief executive officer now owns 140,945 shares in the company, valued at $7,571,565.40. This represents a 0.57 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PhenixFIN Stock Up 0.5 %

NYSE PFX traded up $0.26 during trading hours on Friday, reaching $54.01. 1,425 shares of the company's stock were exchanged, compared to its average volume of 1,940. The company has a market capitalization of $109.09 million, a price-to-earnings 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's 50-day moving average is $50.22 and its two-hundred day moving average is $48.52. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21.

PhenixFIN Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 17th were paid a dividend of $1.43 per share. This is a boost from PhenixFIN's previous dividend of $1.31. This represents a dividend yield of 5.59%. The ex-dividend date was Friday, February 14th. PhenixFIN's dividend payout ratio (DPR) is currently 5.89%.

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Hedge Funds Weigh In On PhenixFIN

Several hedge funds have recently made changes to their positions in the business. Adalta Capital Management LLC grew its stake in shares of PhenixFIN by 4.0% during the 4th quarter. Adalta Capital Management LLC now owns 155,524 shares of the company's stock worth $7,777,000 after acquiring an additional 5,921 shares in the last quarter. AlphaCentric Advisors LLC bought a new position in shares of PhenixFIN during the 4th quarter worth approximately $507,000. Crossingbridge Advisors LLC bought a new position in shares of PhenixFIN during the 4th quarter worth approximately $507,000. Bulldog Investors LLP bought a new position in shares of PhenixFIN during the 4th quarter worth approximately $973,000. Finally, Raymond James Financial Inc. bought a new position in shares of PhenixFIN during the 4th quarter worth approximately $992,000. 43.35% of the stock is owned by institutional investors.

About PhenixFIN

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.