PhenixFIN (NYSE:PFX) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

PhenixFIN Co. (NYSE:PFX) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.86 and traded as low as $40.11. PhenixFIN shares last traded at $41.99, with a volume of 3,661 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of PhenixFIN from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

PhenixFIN Price Performance

The company has a market cap of $83.90 million, a PE ratio of 5.15 and a beta of 0.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average of $43.65 and a 200-day moving average of $44.86.

Insider Transactions at PhenixFIN

In other news, CEO David A. Lorber acquired 1,000 shares of PhenixFIN stock in a transaction dated Monday, December 22nd. The stock was purchased at an average cost of $45.44 per share, for a total transaction of $45,440.00. Following the completion of the purchase, the chief executive officer directly owned 145,891 shares in the company, valued at $6,629,287.04. This trade represents a 0.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Howard Amster bought 11,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of $42.56 per share, with a total value of $489,440.00. Following the acquisition, the director directly owned 248,248 shares of the company’s stock, valued at approximately $10,565,434.88. This trade represents a 4.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 14,544 shares of company stock worth $627,173 over the last three months. Corporate insiders own 25.20% of the company’s stock.

Institutional Trading of PhenixFIN

Several institutional investors and hedge funds have recently bought and sold shares of the business. Adalta Capital Management LLC increased its stake in shares of PhenixFIN by 0.8% in the second quarter. Adalta Capital Management LLC now owns 169,839 shares of the company’s stock worth $8,619,000 after acquiring an additional 1,390 shares during the period. Raymond James Financial Inc. lifted its position in PhenixFIN by 3.0% during the third quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock valued at $970,000 after purchasing an additional 590 shares during the period. Finally, Osaic Holdings Inc. lifted its position in PhenixFIN by 55.4% during the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock valued at $43,000 after purchasing an additional 302 shares during the period. 43.35% of the stock is currently 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.