PhenixFINPFX
PFX
About: PhenixFIN Corp formerly Medley Capital Corp is a non-diversified closed end management investment company operating in United States. Its investment objective is to generate current income and capital appreciation by lending directly to privately held middle market companies to expand their business, refinance and make acquisitions. It mainly invests in senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may also invest in securities of foreign companies. Portfolio of the company mainly consists of securities across all sectors. Revenue generated by the company comprises of interest income, dividend and other income earned through investments made.
Employees: 6
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
12% more funds holding
Funds holding: 17 [Q2] → 19 (+2) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
3.13% less ownership
Funds ownership: 37.97% [Q2] → 34.84% (-3.13%) [Q3]
9% less capital invested
Capital invested by funds: $28.2M [Q2] → $25.6M (-$2.55M) [Q3]
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Research analyst outlook
We haven’t received any recent analyst ratings for PFX.
Financial journalist opinion
Negative
Zacks Investment Research
5 days ago
PhenixFIN (PFX) Lags Q4 Earnings and Revenue Estimates
PhenixFIN (PFX) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.90 per share a year ago.
Neutral
Business Wire
1 month ago
Brightwood and PhenixFIN Provide Senior Secured Credit Facility and Preferred Equity Facility to Support the Refinancing of MB Precision Investment Holdings LLC
NEW YORK--(BUSINESS WIRE)--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.
Positive
Seeking Alpha
2 months ago
BDC Weekly Review: Private Lenders Want To Democratize Access
We take a look at the action in business development companies through the first week of October and highlight some of the key themes we are watching. BDCs saw a modest 0.5% return this week, with MSDL and OBDE leading the way. Private lenders are exploring ETFs to tap retail demand.
Positive
Zacks Investment Research
4 months ago
What Makes PhenixFIN (PFX) a New Strong Buy Stock
PhenixFIN (PFX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
4 months ago
PhenixFIN (PFX) Surpasses Q3 Earnings and Revenue Estimates
PhenixFIN (PFX) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.58 per share a year ago.
Neutral
GlobeNewsWire
4 months ago
PhenixFIN Corporation Announces Fiscal Third Quarter 2024 Financial Results
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
Negative
Zacks Investment Research
7 months ago
PhenixFIN (PFX) Q2 Earnings and Revenues Lag Estimates
PhenixFIN (PFX) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.85 per share a year ago.
Neutral
GlobeNewsWire
7 months ago
PhenixFIN Corporation Announces Fiscal Second Quarter 2024 Financial Results
NAV Per Share Grew 22% In Last 12 Months Expanded 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 million Net asset value (NAV) of $154.3 million, or $76.35 per share as of March 31, 2024 Weighted average yield was 13.6% on debt and other income producing investments Repurchased 40,000 shares during the second fiscal quarter On February 21, 2024, the Credit Facility was amended to increase the principal amount available to $62.5 million.
Neutral
GlobeNewsWire
10 months ago
PhenixFIN Corporation Announces Fiscal First Quarter 2024 Financial Results
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 million Net asset value (NAV) of $150.7 million, or $73.14 per share as of December 31, 2023 Weighted average yield was 13.0% on debt and other income producing investments Repurchased 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 investments over the past couple of years have generated favorable investment income and/or capital appreciation.
Positive
Seeking Alpha
11 months ago
Preferreds Weekly Review: Drop In Rates Drives New Issuance
We take a look at the action in preferreds and baby bonds through the second week of January and highlight some of the key themes we are watching. All preferreds sectors were up for the week, buoyed by lower Treasury yields. Preferreds credit spreads have fully retraced the bank mini-crisis spread blow-up and have only been tighter in 2021.
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