PhenixFIN Co. (NYSE:PFX) Plans Dividend of $1.31

PhenixFIN Co. (NYSE:PFX) declared a dividend on Friday, May 10th, NASDAQ reports. Investors of record on Monday, May 27th will be given a dividend of 1.31 per share on Monday, June 10th. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from PhenixFIN’s previous dividend of $0.12.

PhenixFIN Price Performance

PhenixFIN stock opened at $45.76 on Wednesday. The firm has a market cap of $92.44 million, a PE ratio of 17.95 and a beta of 0.98. PhenixFIN has a 52-week low of $32.00 and a 52-week high of $47.30. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $44.54 and its two-hundred day moving average is $42.66.

Insiders Place Their Bets

In other news, CEO David A. Lorber acquired 1,686 shares of PhenixFIN stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of $44.48 per share, for a total transaction of $74,993.28. Following the acquisition, the chief executive officer now owns 104,683 shares of the company’s stock, valued at $4,656,299.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 2,086 shares of company stock worth $92,831 in the last ninety days. 22.40% of the stock is owned by corporate insiders.

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.