PhenixFIN (NYSE:PFX) Stock Passes Above Fifty Day Moving Average of $45.34

PhenixFIN Co. (NYSE:PFX) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $45.34 and traded as high as $46.77. PhenixFIN shares last traded at $46.60, with a volume of 4,449 shares changing hands.

PhenixFIN Price Performance

The company has a 50 day moving average of $45.40 and a 200-day moving average of $44.37. The firm has a market capitalization of $93.93 million, a P/E ratio of 3.69 and a beta of 1.01. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.55.

PhenixFIN (NYSE:PFX) last announced its quarterly earnings data on Friday, May 10th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.51). The company had revenue of $4.66 million during the quarter, compared to analyst estimates of $5.60 million. PhenixFIN had a net margin of 125.20% and a return on equity of 3.63%. On average, sell-side analysts predict that PhenixFIN Co. will post 2.21 EPS for the current year.

PhenixFIN Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 27th were issued a $1.31 dividend. The ex-dividend date was Thursday, May 23rd. This is a boost from PhenixFIN’s previous dividend of $0.12.

Insider Buying and Selling at PhenixFIN

In other PhenixFIN news, CFO Ellida Mcmillan bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of $45.12 per share, for a total transaction of $45,120.00. Following the transaction, the chief financial officer now directly owns 2,336 shares in the company, valued at $105,400.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Ellida Mcmillan purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of $45.12 per share, with a total value of $45,120.00. Following the purchase, the chief financial officer now owns 2,336 shares in the company, valued at $105,400.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David A. Lorber purchased 766 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were purchased at an average cost of $46.11 per share, for a total transaction of $35,320.26. Following the completion of the purchase, the chief executive officer now owns 125,983 shares in the company, valued at approximately $5,809,076.13. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,650 shares of company stock worth $120,480. Insiders own 22.40% of the company’s stock.

Institutional Trading of PhenixFIN

A hedge fund recently raised its stake in PhenixFIN stock. Adalta Capital Management LLC lifted its holdings in shares of PhenixFIN Co. (NYSE:PFX) by 4.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,309 shares of the company’s stock after acquiring an additional 6,595 shares during the quarter. PhenixFIN accounts for about 3.5% of Adalta Capital Management LLC’s holdings, making the stock its 11th largest position. Adalta Capital Management LLC owned about 7.05% of PhenixFIN worth $6,257,000 at the end of the most recent quarter. Institutional investors own 43.35% of the company’s stock.

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.