Insider Buying: PhenixFIN Co. (NYSE:PFX) CEO Buys $53,920.00 in Stock

PhenixFIN Co. (NYSE:PFX) CEO David A. Lorber purchased 1,000 shares of PhenixFIN stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $53.92 per share, for a total transaction of $53,920.00. Following the completion of the transaction, the chief executive officer now directly owns 142,145 shares of the company’s stock, valued at approximately $7,664,458.40. The trade was a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PhenixFIN Trading Up 0.5 %

Shares of PFX opened at $54.01 on Friday. PhenixFIN Co. has a fifty-two week low of $42.50 and a fifty-two week high of $57.40. The firm has a market cap of $109.09 million, a price-to-earnings ratio of 6.63 and a beta of 0.88. The firm has a 50 day moving average price of $50.22 and a 200-day moving average price of $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. Shareholders of record on Monday, February 17th were paid a $1.43 dividend. The ex-dividend date was Friday, February 14th. This is an increase from PhenixFIN’s previous dividend of $1.31. This represents a yield of 5.59%. PhenixFIN’s payout ratio is currently 5.89%.

Institutional Trading of PhenixFIN

Several institutional investors have recently added to or reduced their stakes in PFX. Adalta Capital Management LLC increased its holdings in shares of PhenixFIN by 4.0% in the fourth quarter. Adalta Capital Management LLC now owns 155,524 shares of the company’s stock worth $7,777,000 after buying an additional 5,921 shares during the period. Raymond James Financial Inc. bought a new position in PhenixFIN during the 4th quarter worth approximately $992,000. Bulldog Investors LLP purchased a new position in PhenixFIN in the 4th quarter worth approximately $973,000. AlphaCentric Advisors LLC bought a new stake in PhenixFIN in the fourth quarter valued at approximately $507,000. Finally, Crossingbridge Advisors LLC bought a new stake in PhenixFIN in the fourth quarter valued at approximately $507,000. 43.35% of the stock is currently owned by hedge funds and other 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.