PhenixFIN (NYSE:PFX) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

PhenixFIN Co. (NYSE:PFX) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $46.11 and traded as low as $44.35. PhenixFIN shares last traded at $45.7440, with a volume of 204 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered PhenixFIN from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

PhenixFIN Trading Up 2.7%

The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $91.53 million, a price-to-earnings ratio of 5.61 and a beta of 0.22. The business’s 50-day moving average price is $44.15 and its two-hundred day moving average price is $46.11.

Insider Buying and Selling at PhenixFIN

In other PhenixFIN news, CEO David A. Lorber acquired 1,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were acquired at an average price of $45.44 per share, for a total transaction of $45,440.00. Following the completion of the acquisition, the chief executive officer directly owned 145,891 shares of the company’s stock, valued at $6,629,287.04. This trade represents a 0.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders acquired 3,044 shares of company stock worth $137,733. Corporate insiders own 24.40% of the company’s stock.

Hedge Funds Weigh In On PhenixFIN

Institutional investors have recently added to or reduced their stakes in the business. Adalta Capital Management LLC boosted its stake in PhenixFIN by 1.8% in the 3rd quarter. Adalta Capital Management LLC now owns 172,939 shares of the company’s stock worth $8,210,000 after buying an additional 3,100 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of PhenixFIN by 3.0% during the 3rd quarter. Raymond James Financial Inc. now owns 20,369 shares of the company’s stock worth $970,000 after acquiring an additional 590 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of PhenixFIN by 55.4% in the second quarter. Osaic Holdings Inc. now owns 847 shares of the company’s stock worth $43,000 after acquiring an additional 302 shares during the last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.

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.