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. The fund seeks to invest in companies located in North America. The fund targets private debt transactions in companies with enterprise values or asset values between $25 million and $250 million. The fund seeks to invest in companies with debt investment values between $10 million and $50 million. It exits its investments between three years and seven years; it holds most of its investments to maturity or repayment, but may realize or sell some investments earlier. The fund may take a board seat on its investee companies and can also offer managerial assistance to certain portfolio companies. It structures its investments as first lien senior secured loans, second lien senior secured loans, senior secured notes, senior subordinated notes, subordinate notes, unitranche loans, and seeks warrants or other equity participation. The fund may co-invest in privately negotiated transactions under certain conditions.
IPO Year:
Exchange: NASDAQ
Website: phenixfc.com/
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/23/2021 | Perform | Oppenheimer |
Brightwood Capital Advisors, LLC ("Brightwood"), a private credit firm, and PhenixFIN Corporation ("PhenixFIN"), a publicly traded business development company (NASDAQ:PFX), today announced that they have partnered with Insight Equity ("Insight") to provide a senior secured credit facility and preferred equity facility to support the refinancing of MB Precision Investment Holdings LLC ("Precision" or the "Company") d/b/a Midstate Machine. Jim Ashton, former Chairman of the Board and CEO of Precision Partners, will be joining the Company's Board of Directors as part of this transaction. The financial terms of the transaction were not disclosed. Precision is a provider of high-precision comp
NAV Per Share Grew 14% In Last 12 Months (taking into account the distribution of the Special Dividend)Expanded Credit Facility To $87.5 Million NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX, PFXNZ))) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal third quarter of 2024. Highlights Third quarter total investment income of $6.2 million; net investment income of $2.0 millionNet asset value (NAV) of $154.2 million, or $76.35 per share as of June 30, 2024, taking into account the distribution of the special dividendWeighted average yield is 13.8% on debt and other income producing i
NAV Per Share Grew 22% In Last 12 MonthsExpanded Credit Facility To $62.5 Million NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX, PFXNZ))) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal second quarter of 2024. Highlights Second quarter total investment income of $4.7 million; net investment income of $0.6 millionNet asset value (NAV) of $154.3 million, or $76.35 per share as of March 31, 2024Weighted average yield was 13.6% on debt and other income producing investmentsRepurchased 40,000 shares during the second fiscal quarterOn February 21, 2024, the Credit Faci
NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX, PFXNZ))) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal first quarter of 2024. Highlights First quarter total investment income of $5.7 million; net investment income of $1.7 millionNet asset value (NAV) of $150.7 million, or $73.14 per share as of December 31, 2023Weighted average yield was 13.0% on debt and other income producing investmentsRepurchased 13,223 shares as of December 31, 2023 David Lorber, Chief Executive Officer of the Company, stated: "We are pleased with our continued progress in growing our NAV per share as various inv
NEW YORK, Dec. 22, 2023 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX, PFXNZ))) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal fourth quarter of 2023. Highlights Fourth quarter total investment income of $5.7 million; net investment income of $1.9 millionNet asset value (NAV) of $146.7 million, or $70.75 per share as of September 30, 2023, vs. $57.49 per share as of September 30, 2022Weighted average yield was 13.3% on debt and other income producing investments as of the fiscal year endRepurchased 28,416 shares in Fiscal Year 2023 David Lorber, Chief Executive Officer of t
NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal third quarter of 2023. Highlights Total investment income of $14.5 million and net investment income of $4.6 million for the nine months ended June 30, 2023Net asset value (NAV) of $140.0 million, or $67.01 per share as of June 30, 2023Redeemed the $22.5 million 6.125% unsecured notes on January 17, 2023On February 8, 2023, the Board approved the expansion of the current repurchase program from $25 million to $35 millionWeighted average yield of 12.2% on debt and other income producing inve
NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal second quarter of 2023. Highlights Total investment income of $9.6 million and net investment income of $3.4 million for the six months ended March 31, 2023Net asset value (NAV) of $131.2 million, or $62.70 per share as of March 31, 2023Redeemed the $22.5 million 6.125% unsecured notes on January 17, 2023On February 8, 2023, the Board approved the expansion of the current repurchase program from $25 million to $35 millionWeighted average yield of 11.8% on debt and other income producing investme
NEW YORK, Feb. 13, 2023 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX) (the "Company"), a publicly traded business development company, today announced it will host an Investor call on March 8th at 10:00 Eastern Time. A live webcast of the Investor Call, along with Investor Call materials will be available on Phenix's Investor Relations website at https://www.phenixfc.com/investor-overview. A replay of the call presentation will be accessible for 90 days. Webcast Link (audio-only): https://edge.media-server.com/mmc/p/au7e6hfh Registration Link (Provides dial-in number and UNIQUE PIN to the conference call participant): https://register.vevent.com/register/BI62adbb9c6d034dbe8654a
NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal first quarter of 2023. Highlights First quarter total investment income was $4.7 million; net investment income of $1.7 millionNet asset value (NAV) of $124.7 million, or $59.38 per share as of December 31, 2022Secured a 3-year $50 million credit facility with Woodforest National Bank as lead arranger (SOFR + 2.90%)Weighted average yield of 11.3% on debt and other income producing investments Subsequent Events: On January 17, 2023, redeemed the $22.5 million 6.125% unsecured n
NEW YORK, Dec. 16, 2022 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ:PFX) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal fourth quarter of 2022. Highlights Fourth quarter total investment income was $5.1 million; net investment income of $1.9 millionNet asset value (NAV) of $120.8 million, or $57.49 per share as of September 30, 2022, vs. $57.08 per share as of September 30, 2021Secured a 3-year $50 million credit facility with Woodforest National Bank as lead lender (SOFR + 2.90%)Notice of Redemption issued for the $22.5 million 6.125% unsecured notes due March 30, 2023Repurchased 16.5% of shares outstan
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Recent insider purchase at PhenixFIN Corporation on June 18, 2024, by CHIEF FINANCIAL OFFICER Mcmillan Ellida is indeed a notable transaction. Ellida bought $45,120 worth of shares, acquiring 1,000 units at $45.12 per unit. This purchase increased her direct ownership by 75% to 2,336 units as reported in the SEC Form 4. Examining the historical insider transactions within the company, we can identify some intriguing patterns. On June 9, 2023, Lorber David A filed an SEC Form 4, purchasing $192,298 worth of shares at $37.14 per unit, consequently increasing direct ownership by 5% to 102,997 units. This proactive insider buying by a key figure within the organization could indicate a bullish
Oppenheimer initiated coverage of Pilgrim America Capital with a rating of Perform
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Recent insider purchase at PhenixFIN Corporation on June 18, 2024, by CHIEF FINANCIAL OFFICER Mcmillan Ellida is indeed a notable transaction. Ellida bought $45,120 worth of shares, acquiring 1,000 units at $45.12 per unit. This purchase increased her direct ownership by 75% to 2,336 units as reported in the SEC Form 4. Examining the historical insider transactions within the company, we can identify some intriguing patterns. On June 9, 2023, Lorber David A filed an SEC Form 4, purchasing $192,298 worth of shares at $37.14 per unit, consequently increasing direct ownership by 5% to 102,997 units. This proactive insider buying by a key figure within the organization could indicate a bullish
PhenixFIN (NASDAQ:PFX) reported quarterly sales of $4.658 million which missed the analyst consensus estimate of $5.601 million by 16.84 percent. This is a 5.18 percent decrease over sales of $4.912 million the same period last year.
-SEC Filing
PhenixFIN (NASDAQ:PFX) reported quarterly earnings of $2.19 per share which beat the analyst consensus estimate of $0.78 by 180.77 percent. This is a 180.77 percent increase over earnings of $0.78 per share from the same period last year. The company reported quarterly sales of $5.72 million which beat the analyst consensus estimate of $5.51 million by 3.84 percent. This is a 21.66 percent increase over sales of $4.70 million the same period last year.
PhenixFIN (NASDAQ:PFX) reported quarterly sales of $5.72 million which beat the analyst consensus estimate of $5.51 million by 3.84 percent. This is a 21.66 percent increase over sales of $4.70 million the same period last year.
PhenixFIN Corporation (NASDAQ:PFX, PFXNZ))))) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal fourth quarter of 2023.HighlightsFourth quarter total investment income of $5.7 million; net investment income of $1.9 millionNet asset value (NAV) of $146.7 million, or $70.75 per share as of September 30, 2023, vs. $57.49 per share as of September 30, 2022Weighted average yield was 13.3% on debt and other income producing investments as of the fiscal year endRepurchased 28,416 shares in Fiscal Year 2023David Lorber, Chief Executive Officer of the Company, stated:"We are pleased with our performance in 2023 as we grew NAV per sha
PhenixFIN (NASDAQ:PFX) reported quarterly earnings of $0.58 per share which missed the analyst consensus estimate of $0.78 by 25.64 percent. This is a 544.44 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $4.84 million which missed the analyst consensus estimate of $4.89 million by 1.04 percent. This is a 32.25 percent increase over sales of $3.66 million the same period last year.
PhenixFIN (NASDAQ:PFX) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.78 by 8.97 percent. This is a 77.08 percent increase over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $4.91 million which beat the analyst consensus estimate of $4.57 million by 7.49 percent. This is a 34.33 percent increase over sales of $3.66 million the same period last year.
Although US stocks closed mixed on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Impinj The Trade: Impinj, Inc. (NASDAQ:PI) Director Patrick Daniel Gibson acquired a total of 111,697 shares an average price o
PhenixFIN (NASDAQ:PFX) reported quarterly earnings of $0.78 per share. This is a 875 percent increase over earnings of $0.08 per share from the same period last year. The company reported $1.65 million in sales this quarter. This is a 723.87 percent increase over sales of $200.11 thousand the same period last year.