PhenixFIN (NYSE:PFX) Shares Cross Above 50 Day Moving Average of $44.43

Shares of PhenixFIN Co. (NYSE:PFX) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $44.43 and traded as high as $45.30. PhenixFIN shares last traded at $44.90, with a volume of 2,823 shares.

PhenixFIN Price Performance

The stock has a market capitalization of $92.49 million, a PE ratio of 3.41 and a beta of 1.01. The firm’s fifty day moving average price is $44.43 and its two-hundred day moving average price is $41.56. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 0.56.

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

Insider Buying and Selling at PhenixFIN

In other news, CEO David A. Lorber purchased 1,686 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost of $44.48 per share, for a total transaction of $74,993.28. Following the purchase, the chief executive officer now directly owns 104,683 shares in the company, valued at approximately $4,656,299.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have bought 2,086 shares of company stock valued at $92,831. 22.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC raised its stake in shares of PhenixFIN Co. (NYSE:PFX) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 131,999 shares of the company’s stock after purchasing an additional 1,500 shares during the period. PhenixFIN accounts for about 3.4% of Adalta Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Adalta Capital Management LLC owned approximately 6.32% of PhenixFIN worth $5,013,000 as of its most recent filing with the SEC. 43.35% of the stock is currently 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.