In This Article:
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.
See our latest analysis for PhenixFIN
The Last 12 Months Of Insider Transactions At PhenixFIN
Notably, that recent purchase by Chairman & CEO David Lorber was not the only time they bought PhenixFIN shares this year. They previously made an even bigger purchase of US$618k worth of shares at a price of US$48.13 per share. We do like to see buying, but this purchase was made at well below the current 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!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that PhenixFIN insiders own 20% of the company, 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.
What Might The Insider Transactions At PhenixFIN Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in PhenixFIN shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that PhenixFIN has 5 warning signs (3 don't sit too well with us!) that deserve your attention before going any further with your analysis.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.