Director and 10% Owner Howard Amster Buys $489K in PFX Stock Near 52-Week Lows
PFX is trading near its 52-week low of $41 (2.6% above the low) on light trading volume (0.3× avg).
Summary
Director and 10% Owner Howard Amster purchased $489,440 worth of PhenixFIN Corp common stock in an open market transaction.
Key Events · Ownership and Investor Activity · PFX
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Significant Insider Purchase
Howard Amster, a Director and 10% Owner, acquired 11,500 shares of PhenixFIN Corp common stock for a total value of $489,440.00 at an average price of $42.56 per share.
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Purchase Near 52-Week Lows
The transaction occurred on March 3, 2026, with the stock currently trading near its 52-week low of $41.00, suggesting conviction from the insider at depressed price levels.
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Increased Direct Holdings
Following this transaction, Howard Amster's direct holdings in PhenixFIN Corp increased to 248,248 shares.
Analysis · PFX · Unknown
Director and 10% Owner Howard Amster's significant open market purchase of $489,440 in PhenixFIN Corp stock signals strong insider confidence, especially given the company's recent Q1 net loss and the stock trading near its 52-week low. This purchase, representing over half a percent of the company's market cap, suggests the insider sees value at current levels and could be a positive indicator for investors, potentially offsetting concerns from the recent financial performance.
At the time of this filing, PFX was trading at $42.05 on NASDAQ in the Unknown sector, with a market capitalization of approximately $84M. The 52-week trading range was $41.00 to $57.40. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.