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Ellida McMillan, the Chief Financial Officer of PhenixFIN Corp (NASDAQ:PFX), recently increased her stake in the company through two separate stock purchases. The move comes as PhenixFIN demonstrates strong market performance, with the stock delivering a 26% return over the past year and maintaining a modest P/E ratio of 6.57. According to a recent SEC filing, McMillan acquired a total of 300 shares of PhenixFIN common stock over the course of two transactions.
On March 7, McMillan purchased 127 shares at a weighted average price of $53.95. A few days later, on March 10, she bought an additional 173 shares at $53.75 per share. The total value of these transactions amounted to $16,150. Following these acquisitions, McMillan now directly owns 2,636 shares of PhenixFIN stock, showing confidence in the company which has achieved 7.2% revenue growth in the last twelve months.
This move by the company’s CFO may attract attention from investors, as insider buying is often seen as a positive signal regarding the company’s future prospects. For deeper insights into PhenixFIN’s valuation and growth metrics, InvestingPro offers exclusive analysis with additional tips and detailed financial indicators.
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