Insider Buying: PhenixFIN Co. (NYSE:PFX) CFO Purchases $45,120.00 in Stock

PhenixFIN Co. (NYSE:PFXGet Free Report) CFO Ellida Mcmillan acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $45.12 per share, with a total value of $45,120.00. Following the completion of the acquisition, the chief financial officer now owns 2,336 shares in the company, valued at approximately $105,400.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PhenixFIN Trading Down 1.8 %

Shares of PFX stock opened at $45.46 on Friday. The stock has a market capitalization of $91.83 million, a price-to-earnings ratio of 17.86 and a beta of 0.93. The company’s fifty day simple moving average is $44.91 and its two-hundred day simple moving average is $43.78. PhenixFIN Co. has a 1 year low of $35.51 and a 1 year high of $47.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.39 and a quick ratio of 2.39.

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

PhenixFIN Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 27th were issued a $1.31 dividend. This is an increase from PhenixFIN’s previous dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 23rd.

Hedge Funds Weigh In On PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC boosted its position in PhenixFIN Co. (NYSE:PFXFree Report) by 4.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,309 shares of the company’s stock after purchasing an additional 6,595 shares during the quarter. PhenixFIN comprises 3.5% of Adalta Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Adalta Capital Management LLC owned about 7.05% of PhenixFIN worth $6,257,000 at the end of the most recent reporting period. Institutional investors own 43.35% of the company’s stock.

About PhenixFIN

(Get Free Report)

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.

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