PhenixFIN (NYSE:PFX) Stock Price Crosses Above Fifty Day Moving Average - Time to Sell?

PhenixFIN Co. (NYSE:PFX - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $49.73 and traded as high as $57.40. PhenixFIN shares last traded at $52.00, with a volume of 1,551 shares.

PhenixFIN Stock Performance

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $108.66 million, a price-to-earnings ratio of 6.60 and a beta of 0.99. The stock's fifty day simple moving average is $49.92 and its 200-day simple moving average is $48.30.

PhenixFIN Increases Dividend

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

Insiders Place Their Bets

In related news, CEO David A. Lorber acquired 12,871 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $48.05 per share, with a total value of $618,451.55. Following the completion of the transaction, the chief executive officer now owns 138,854 shares in the company, valued at $6,671,934.70. This represents a 10.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 24.40% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of PhenixFIN in the 4th quarter valued at $992,000. Bulldog Investors LLP acquired a new stake in PhenixFIN in the fourth quarter valued at $973,000. Crossingbridge Advisors LLC purchased a new stake in PhenixFIN during the 4th quarter worth about $507,000. AlphaCentric Advisors LLC acquired a new position in shares of PhenixFIN during the 4th quarter worth about $507,000. Finally, Adalta Capital Management LLC increased its holdings 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 valued at $7,777,000 after acquiring an additional 5,921 shares during the last quarter. Hedge funds and other 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.