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

PhenixFIN Co. (NYSE:PFX)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $44.54 and traded as low as $39.15. PhenixFIN shares last traded at $40.8760, with a volume of 1,178 shares trading hands.

Analysts Set New Price Targets

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

PhenixFIN Price Performance

The firm has a 50-day moving average of $43.30 and a 200 day moving average of $44.54. The company has a market capitalization of $81.67 million, a PE ratio of 5.02 and a beta of 0.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21.

Insider Activity at PhenixFIN

In other news, CEO David A. Lorber bought 1,000 shares of the stock in a transaction on Monday, December 22nd. The shares were bought at an average price 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 $6,629,287.04. The trade was a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Howard Amster purchased 11,500 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $42.56 per share, with a total value of $489,440.00. Following the completion of the purchase, the director owned 248,248 shares in the company, valued at approximately $10,565,434.88. This trade represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 13,361 shares of company stock valued at $574,354 over the last three months. 25.20% of the stock is owned by corporate insiders.

Institutional Trading of PhenixFIN

Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in PhenixFIN by 55.4% in the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after acquiring an additional 302 shares during the period. Raymond James Financial Inc. grew its position in shares of PhenixFIN by 3.0% during 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 period. Finally, Adalta Capital Management LLC increased its stake in shares of PhenixFIN by 1.5% in the 4th quarter. Adalta Capital Management LLC now owns 175,569 shares of the company’s stock worth $7,836,000 after purchasing an additional 2,630 shares in the last quarter. 43.35% of the stock is currently 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.