PhenixFIN (NYSE:PFX) Stock Passes Above 50 Day Moving Average of $46.55

PhenixFIN Co. (NYSE:PFX) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $46.55 and traded as high as $47.71. PhenixFIN shares last traded at $47.71, with a volume of 150 shares.

PhenixFIN Trading Up 0.5 %

The company has a fifty day moving average of $46.55 and a two-hundred day moving average of $45.36. The stock has a market capitalization of $96.37 million, a price-to-earnings ratio of 3.79 and a beta of 1.01. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.55.

PhenixFIN (NYSE:PFX) last released its quarterly earnings data on Friday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.51). The business had revenue of $4.66 million during the quarter, compared to analysts’ expectations of $5.60 million. PhenixFIN had a return on equity of 3.63% and a net margin of 125.20%. On average, research analysts expect that PhenixFIN Co. will post 2.21 EPS for the current year.

Insiders Place Their Bets

In other PhenixFIN news, CFO Ellida Mcmillan acquired 1,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was purchased at an average price of $45.12 per share, for a total transaction of $45,120.00. Following the completion of the transaction, the chief financial officer now owns 2,336 shares of the company’s stock, valued at approximately $105,400.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO David A. Lorber purchased 628 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average price of $44.98 per share, for a total transaction of $28,247.44. Following the completion of the transaction, the chief executive officer now directly owns 124,961 shares in the company, valued at approximately $5,620,745.78. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ellida Mcmillan purchased 1,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was purchased at an average price of $45.12 per share, with a total value of $45,120.00. Following the transaction, the chief financial officer now owns 2,336 shares of the company’s stock, valued at $105,400.32. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,650 shares of company stock worth $120,480. 22.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC grew its position in PhenixFIN Co. (NYSE:PFX) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,309 shares of the company’s stock after buying an additional 6,595 shares during the quarter. PhenixFIN accounts for approximately 3.5% of Adalta Capital Management LLC’s holdings, making the stock its 11th biggest holding. Adalta Capital Management LLC owned 7.05% of PhenixFIN worth $6,257,000 at the end of the most recent quarter. 43.35% of the stock is currently owned by hedge funds and other 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.