PhenixFIN Co. (NYSE:PFX - Get Free Report) Director Karin Hirtler-Garvey purchased 500 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were acquired at an average price of $49.27 per share, with a total value of $24,635.00. Following the completion of the acquisition, the director now owns 1,500 shares in the company, valued at approximately $73,905. This trade represents a 50.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
PhenixFIN Stock Performance
Shares of PhenixFIN stock opened at $49.30 on Friday. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $49.17 and a two-hundred day moving average price of $47.99. PhenixFIN Co. has a 1-year low of $42.50 and a 1-year high of $51.50. The company has a market cap of $99.58 million, a P/E ratio of 20.42 and a beta of 0.99.
PhenixFIN Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 17th will be issued a dividend of $1.43 per share. This is an increase from PhenixFIN's previous dividend of $1.31. This represents a yield of 5.59%. The ex-dividend date is Friday, February 14th.
Institutional Trading of PhenixFIN
Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of PhenixFIN in the 4th quarter valued at about $992,000. Crossingbridge Advisors LLC acquired a new stake in shares of PhenixFIN in the 4th quarter valued at about $507,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of PhenixFIN in the 4th quarter valued at about $507,000. 43.35% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
