PhenixFIN Corporation (Q29)
XFRA 
NASDAQ (NMS) Primary XFRA Summary
Q29 Chart
PhenixFIN (PFX) Q4 Earnings and Revenues Top Estimates
PhenixFIN (PFX) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.26 per share a year ago.
PhenixFIN (PFX) Q3 Earnings and Revenues Top Estimates
PhenixFIN (PFX) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.98 per share a year ago.
PhenixFIN: Trading At A Discount To Book With Hidden Tax Assets
PhenixFIN's internalized management and aggressive buybacks have driven strong NAV growth, and significant insider alignment sets a solid foundation for value creation. The ECC Capital transaction unlocks a hidden asset: a massive deferred tax asset at ECRO, potentially offering substantial upside not reflected in current book value. PFX's concentrated portfolio, equity-heavy approach, and limited liquidity pose risks, but also differentiate it from traditional BDCs and create tracking opportunities.
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PhenixFIN Corporation Profile
| Capital Markets Industry | Financials Sector | David Aaron Lorber CEO | XFRA Exchange | US71742W1036 ISIN |
| US Country | 9 Employees | 14 Feb 2025 Last Dividend | 27 Jul 2020 Last Split | 21 Jan 2011 IPO Date |
Overview
PhenixFIN Corporation stands as a distinct entity in the financial industry, operating as a business development company with a focus on fostering growth in small and middle-market companies. Founded in 2010, with its headquarters stationed in New York, New York, the firm operates by engaging in privately negotiated debt and equity securities investments. Targeting a broad spectrum of sectors, from traditional manufacturing to the more contemporary services and technology arenas, PhenixFIN endeavors to empower businesses across North America with the financial resources and strategic guidance needed for expansion and operational success. It is their meticulous strategic investment approach, aimed at companies with valuations between $25 million and $250 million, that delineates their market footprint, providing a nuanced avenue for investors and companies alike in realizing potent economic opportunities.
Products and Services
PhenixFIN Corporation's investment portfolio encapsulates a diverse array of products and services structured to bolster the growth and sustainability of small to middle-market businesses across varied industries. These investment vehicles include:
- First Lien Senior Secured Loans: These are primary debt instruments that give PhenixFIN a preferential claim on the assets of the borrower in case of default, offering a blend of security and attractive returns.
- Second Lien Senior Secured Loans: Positioned subordinate to first lien loans, these securities still offer a secured financial position but with potentially higher yields given their increased risk levels.
- Senior Secured Notes and Senior Subordinated Notes: These fixed-income investments provide regular interest payments, with secured notes offering more safety and subordinated notes presenting higher potential returns.
- Subordinate Notes: Positioned even further down the repayment hierarchy, subordinate notes command higher interest rates to compensate for their increased risk, targeting investors seeking higher yields.
- Unitranche Loans: A hybrid loan structure that combines senior and subordinated debt into one debt instrument, offering a simplified yet potentially lucrative investment option.
- Warrants or Equity Participation: PhenixFIN may acquire equity positions or rights to purchase equity at a specified price in the future, allowing participation in the company’s equity upside.
Additionally, PhenixFIN not only focuses on capital injection but also emphasizes strategic involvement, potentially taking board positions or providing managerial assistance to portfolio companies. This hands-on approach facilitates operational improvements, strategic development, and overall growth, benefitting both the investee companies and PhenixFIN's stakeholders. The comprehensive suite of investment products and strategic services tailored by PhenixFIN is designed to accommodate the nuanced needs of small to middle-market companies, fostering environments conducive to innovation, expansion, and economic success.
