Insider Spends US$108k Buying More Shares In PhenixFIN

Potential PhenixFIN Corporation (NASDAQ:PFX) shareholders may wish to note that the Chairman & CEO, David Lorber, recently bought US$108k worth of stock, paying US$53.78 for each share. Although the purchase only increased their holding by 1.4%, it is still a solid purchase in our view.

View our latest analysis for PhenixFIN

PhenixFIN Insider Transactions Over The Last Year

Notably, that recent purchase by Chairman & CEO David Lorber was not the only time they bought PhenixFIN shares this year. Earlier in the year, they paid US$48.13 per share in a US$618k purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$53.58. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

PhenixFIN insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

PhenixFIN is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does PhenixFIN Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 20% of PhenixFIN shares, worth about US$22m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About PhenixFIN Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in PhenixFIN shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing PhenixFIN. Our analysis shows 5 warning signs for PhenixFIN (3 are a bit concerning!) and we strongly recommend you look at these before investing.

Of course PhenixFIN may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.