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David A. Lorber, Chairman and CEO of PhenixFIN Corp (NASDAQ:PFX), has recently increased his stake in the company through a series of stock purchases. According to a recent SEC filing, Lorber acquired a total of 1,380 shares of PhenixFIN common stock over two days, February 19 and 20, 2025. These transactions amounted to a total investment of approximately $70,950. The timing appears strategic, as InvestingPro data shows PFX trading near its 52-week high of $53.50, with the stock delivering a robust 25% return over the past year.
The purchases were made at a price range between $50.8503 and $53.21 per share. The transactions resulted in Lorber holding a total of 140,145 shares directly, with an additional 3,378 shares indirectly owned through his spouse. Furthermore, Lorber holds indirect ownership of shares through FrontFour Master Fund, Ltd. The company, currently valued at $107 million, trades at a P/E ratio of 6.5 and has demonstrated solid revenue growth of 7.2% in the last twelve months.
These acquisitions underscore Lorber’s ongoing commitment to PhenixFIN, as he continues to solidify his position as a significant shareholder in the company. For deeper insights into insider trading patterns and additional analysis, including 6 key investment tips, visit InvestingPro.
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