19,598 Shares in PhenixFIN Co. (NYSE:PFX) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in PhenixFIN Co. (NYSE:PFX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,598 shares of the company's stock, valued at approximately $992,000. Raymond James Financial Inc. owned about 0.97% of PhenixFIN at the end of the most recent quarter.

Separately, AlphaCentric Advisors LLC bought a new stake in shares of PhenixFIN in the 4th quarter worth about $507,000. Institutional investors and hedge funds own 43.35% of the company's stock.

PhenixFIN Stock Up 0.3 %

Shares of PFX stock traded up $0.17 during trading hours on Tuesday, hitting $51.18. 522 shares of the company were exchanged, compared to its average volume of 1,968. The stock has a market capitalization of $103.37 million, a price-to-earnings ratio of 6.28 and a beta of 0.31. PhenixFIN Co. has a one year low of $42.50 and a one year high of $57.40. The business's 50-day simple moving average is $51.93 and its two-hundred day simple moving average is $49.50. 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 company also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 17th were issued a dividend of $1.43 per share. This represents a yield of 5.59%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from PhenixFIN's previous dividend of $1.31. PhenixFIN's dividend payout ratio (DPR) is currently 5.89%.

Insider Transactions at PhenixFIN

In other news, CEO David A. Lorber purchased 800 shares of the company's 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 transaction, the chief executive officer now owns 140,945 shares in the company, valued at approximately $7,571,565.40. The trade was a 0.57 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders bought 2,600 shares of company stock worth $137,681. 24.40% of the stock is currently owned by corporate insiders.

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.