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PhenixFIN (EXCHANGE:PFX) Chairman and CEO David A. Lorber reported purchasing shares of the company’s common stock in two transactions, totaling $48,405. On June 16, 2025, Lorber acquired 700 shares in multiple transactions at prices ranging from $47.85 to $47.92, inclusive, for a total value of $33,537. Then, on June 18, 2025, he purchased an additional 300 shares in multiple transactions at prices ranging from $49.15 to $49.77, inclusive, for a total value of $14,868. The purchases come as the $100.5 million market cap company trades at a P/E ratio of 9.78 and has posted revenue growth of 15% over the last twelve months. According to InvestingPro, the company maintains strong financial health with a current ratio of 3.01.
Following these transactions, Lorber directly owns 143,145 shares of PhenixFIN. Additionally, his spouse holds 3,378 shares in an individual retirement account. Lorber also indirectly owns 81,662.416 shares through his position as a managing member and principal owner of the investment manager of FrontFour Master Fund, Ltd. InvestingPro analysis reveals several more key insights about PhenixFIN’s financial performance and valuation metrics. Subscribers can access additional ProTips and detailed financial analysis on the platform.
In other recent news, PhenixFIN Corporation has expanded its revolving credit facility to $100 million, according to a recent 8-K filing with the Securities and Exchange Commission. This amendment, effective April 17, 2025, extends the facility’s maturity date to April 17, 2030, providing the company with increased financial flexibility. BankUnited (NYSE:BKU), N.A. has assumed the role of administrative agent, replacing Woodforest National Bank and other lenders. The interest rate for loans under the new terms will vary based on the company’s total debt to tangible net worth ratio. In another development, PhenixFIN held its Annual Meeting of Stockholders, where all proposed items were approved, including the election of Arthur S. Ainsberg to the board of directors for a three-year term. Shareholders also ratified the appointment of KPMG LLP as the company’s independent auditor for the fiscal year ending September 30, 2025. An advisory vote on executive compensation was passed, reflecting shareholder confidence in the company’s management and strategic direction. These developments underscore PhenixFIN’s efforts to strengthen its financial position and governance structure.
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