PhenixFIN (NYSE:PFX) Share Price Passes Above 50 Day Moving Average of $44.41

PhenixFIN Co. (NYSE:PFX) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $44.41 and traded as high as $45.00. PhenixFIN shares last traded at $44.50, with a volume of 2,880 shares traded.

PhenixFIN Stock Up 1.1 %

The firm has a market cap of $91.67 million, a P/E ratio of 3.38 and a beta of 0.98. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $44.40 and a 200-day moving average of $42.10.

PhenixFIN (NYSE:PFX) last released its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. PhenixFIN had a return on equity of 4.62% and a net margin of 130.02%. The business had revenue of $5.72 million for the quarter, compared to analyst estimates of $5.51 million. On average, equities research analysts anticipate that PhenixFIN Co. will post 2.76 earnings per share for the current year.

Insider Buying and Selling

In other PhenixFIN news, CEO David A. Lorber purchased 1,686 shares of the stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $44.48 per share, with a total value of $74,993.28. Following the completion of the transaction, the chief executive officer now directly owns 104,683 shares in the company, valued at $4,656,299.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have purchased 2,086 shares of company stock worth $92,831. Corporate insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC boosted its holdings in shares of PhenixFIN Co. (NYSE:PFX) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,999 shares of the company’s stock after buying an additional 1,500 shares during the quarter. PhenixFIN makes up approximately 3.4% of Adalta Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Adalta Capital Management LLC owned approximately 6.32% of PhenixFIN worth $5,013,000 at the end of the most recent quarter. 43.35% of the stock is owned by hedge funds and other institutional investors.

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.