PhenixFIN (NYSE:PFX) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

PhenixFIN Co. (NYSE:PFX)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $46.11 and traded as low as $44.35. PhenixFIN shares last traded at $45.7440, with a volume of 204 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of PhenixFIN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, PhenixFIN has a consensus rating of “Sell”.

PhenixFIN Price Performance

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 company has a 50-day simple moving average of $44.15 and a 200-day simple moving average of $46.11. The stock has a market cap of $91.53 million, a PE ratio of 5.61 and a beta of 0.22.

Insiders Place Their Bets

In related news, CEO David A. Lorber bought 1,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was bought at an average cost of $45.44 per share, with a total value of $45,440.00. Following the completion of the acquisition, the chief executive officer owned 145,891 shares in the company, valued at approximately $6,629,287.04. This represents a 0.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 3,044 shares of company stock worth $137,733 in the last quarter. Corporate insiders own 24.40% of the company’s stock.

Hedge Funds Weigh In On PhenixFIN

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Adalta Capital Management LLC grew its holdings in PhenixFIN by 1.8% in the third quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock valued at $8,210,000 after purchasing an additional 3,100 shares during the last quarter. Raymond James Financial Inc. grew its stake in PhenixFIN by 3.0% in the 3rd quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock valued at $970,000 after acquiring an additional 590 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in PhenixFIN by 55.4% during the 2nd quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock valued at $43,000 after acquiring an additional 302 shares in the last quarter. 43.35% of the stock is owned by institutional investors and hedge funds.

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.