PhenixFIN (NYSE:PFX) Stock Passes Above 50 Day Moving Average – Time to Sell?

PhenixFIN Co. (NYSE:PFX)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $49.73 and traded as high as $57.40. PhenixFIN shares last traded at $52.00, with a volume of 1,551 shares changing hands.

PhenixFIN Price Performance

The business has a 50-day moving average price of $49.73 and a 200 day moving average price of $48.21. The company has a market cap of $105.03 million, a price-to-earnings ratio of 6.38 and a beta of 0.99. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87.

PhenixFIN Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 17th were given a dividend of $1.43 per share. This represents a dividend yield of 5.59%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from PhenixFIN’s previous dividend of $1.31.

Insider Activity

In related news, CEO David A. Lorber acquired 12,871 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of $48.05 per share, for a total transaction of $618,451.55. Following the transaction, the chief executive officer now owns 138,854 shares of the company’s stock, valued at approximately $6,671,934.70. The trade was a 10.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 24.40% of the company’s stock.

Institutional Investors Weigh In On PhenixFIN

A number of institutional investors and hedge funds have recently modified their holdings of PFX. Crossingbridge Advisors LLC acquired a new stake in shares of PhenixFIN during the 4th quarter valued at $507,000. AlphaCentric Advisors LLC acquired a new stake in PhenixFIN during the 4th quarter valued at $507,000. Bulldog Investors LLP acquired a new stake in PhenixFIN during the 4th quarter valued at $973,000. Raymond James Financial Inc. acquired a new stake in PhenixFIN during the 4th quarter valued at $992,000. Finally, Adalta Capital Management LLC raised its stake in PhenixFIN by 4.0% during the 4th quarter. Adalta Capital Management LLC now owns 155,524 shares of the company’s stock valued at $7,777,000 after purchasing an additional 5,921 shares during the period. Institutional investors and hedge funds own 43.35% of the company’s stock.

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.