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 |
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
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8-K - PhenixFIN Corp (0001490349) (Filer)
10-Q - PhenixFIN Corp (0001490349) (Filer)
8-K - PhenixFIN Corp (0001490349) (Filer)
DEF 14A - PhenixFIN Corp (0001490349) (Filer)
10-Q - PhenixFIN Corp (0001490349) (Filer)
8-K - PhenixFIN Corp (0001490349) (Filer)
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10-Q - PhenixFIN Corp (0001490349) (Filer)
8-K - PhenixFIN Corp (0001490349) (Filer)
8-K - PhenixFIN Corp (0001490349) (Filer)
NAV per share $80.59 NEW YORK, Feb. 07, 2025 (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 for its year ending September 30, 2025. Highlights First quarter total investment income of $6.2 million; net investment income of $1.6 millionNet asset value (NAV) of $162.8 million, or $80.59 per share as of December 31, 2024Weighted average yield was 13.3% on debt and other income producing investmentsOn October 1, 2024, the Company completed the merger and reorganization of The National Security Group, Inc. ("NSG") an Alabama based insurance
NEW YORK, Dec. 17, 2024 (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 2024. Highlights Fourth quarter total investment income of $5.6 million; net investment income of $0.5 millionNet asset value (NAV) of $160.3 million, or $79.37 per share as of September 30, 2024, vs. $70.75 per share as of September 30, 2023Weighted average yield was 12.3% on debt and other income producing investments as of the fiscal year endOn October 1, 2024 the Company completed the acquisition of approximately 80% of the equity of The National Security Group
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
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Oppenheimer initiated coverage of Pilgrim America Capital with a rating of Perform