PhenixFIN (NYSE:PFX) Shares Pass Above 50-Day Moving Average – What’s Next?

PhenixFIN Co. (NYSE:PFX) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $47.56 and traded as high as $48.98. PhenixFIN shares last traded at $48.98, with a volume of 1,007 shares.

PhenixFIN Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.75 and a current ratio of 1.75. The stock’s 50 day simple moving average is $47.56 and its two-hundred day simple moving average is $46.76. The firm has a market capitalization of $98.94 million, a PE ratio of 5.09 and a beta of 1.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PhenixFIN stock. Adalta Capital Management LLC grew its holdings in PhenixFIN Co. (NYSE:PFX) by 4.9% during the first 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 approximately 3.5% of Adalta Capital Management LLC’s portfolio, making the stock its 11th largest holding. Adalta Capital Management LLC owned approximately 7.05% of PhenixFIN worth $6,257,000 as of its most recent SEC filing. 43.35% of the stock is owned by institutional investors.

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.