PhenixFIN (NYSE:PFX) Upgraded at Zacks Research

Zacks Research upgraded shares of PhenixFIN (NYSE:PFX) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

PhenixFIN Stock Up 0.9%

PhenixFIN stock opened at $47.70 on Wednesday. PhenixFIN has a 1-year low of $44.56 and a 1-year high of $57.40. The business has a fifty day moving average price of $48.79 and a 200-day moving average price of $49.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $95.59 million, a price-to-earnings ratio of 5.85 and a beta of 0.31.

Institutional Trading of PhenixFIN

A hedge fund recently raised its stake in PhenixFIN stock. Osaic Holdings Inc. boosted its stake in shares of PhenixFIN Co. (NYSE:PFX) by 55.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 847 shares of the company’s stock after purchasing an additional 302 shares during the period. Osaic Holdings Inc.’s holdings in PhenixFIN were worth $43,000 at the end of the most recent reporting period. 43.35% of the stock is owned by 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.