Insider Buying: PhenixFIN Co. (NYSE:PFX) Director Buys 500 Shares of Stock

PhenixFIN Co. (NYSE:PFX - Get Free Report) Director Karin Hirtler-Garvey acquired 500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $49.27 per share, with a total value of $24,635.00. Following the completion of the acquisition, the director now owns 1,500 shares in the company, valued at approximately $73,905. The trade was a 50.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PhenixFIN Trading Up 3.8 %

Shares of NYSE:PFX traded up $1.85 on Tuesday, reaching $51.10. 17,390 shares of the company traded hands, compared to its average volume of 2,560. PhenixFIN Co. has a 52 week low of $42.50 and a 52 week high of $51.50. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 0.85. The business's 50-day simple moving average is $49.30 and its 200 day simple moving average is $48.04. The stock has a market capitalization of $103.22 million, a P/E ratio of 5.60 and a beta of 0.99.

PhenixFIN Increases Dividend

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

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Institutional Investors Weigh In On PhenixFIN

A number of large investors have recently added to or reduced their stakes in the company. Adalta Capital Management LLC boosted its holdings in PhenixFIN by 4.0% in the fourth quarter. Adalta Capital Management LLC now owns 155,524 shares of the company's stock valued at $7,777,000 after acquiring an additional 5,921 shares in the last quarter. Crossingbridge Advisors LLC bought a new stake in PhenixFIN during the 4th quarter valued at about $507,000. AlphaCentric Advisors LLC purchased a new position in PhenixFIN in the fourth quarter worth about $507,000. Bulldog Investors LLP bought a new position in shares of PhenixFIN in the fourth quarter worth approximately $973,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of PhenixFIN during the fourth quarter valued at approximately $992,000. Institutional investors own 43.35% of the company's stock.

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.