Fundamental Global Inc. (NASDAQ:FGF – Get Free Report) shot up 2.5% during trading on Thursday . The company traded as high as $2.96 and last traded at $2.86. 1,427,437 shares traded hands during trading, an increase of 365% from the average session volume of 306,768 shares. The stock had previously closed at $2.79.
Fundamental Global Stock Performance
The company has a market cap of $4.12 million, a P/E ratio of -0.18 and a beta of 0.93. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $3.25 and its two-hundred day moving average is $11.32.
Institutional Trading of Fundamental Global
An institutional investor recently raised its position in Fundamental Global stock. Everstar Asset Management LLC increased its holdings in Fundamental Global Inc. (NASDAQ:FGF – Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,551 shares of the company’s stock after buying an additional 2,560 shares during the period. Fundamental Global accounts for 1.0% of Everstar Asset Management LLC’s investment portfolio, making the stock its 21st biggest position. Everstar Asset Management LLC owned approximately 7.49% of Fundamental Global worth $1,593,000 as of its most recent SEC filing. 3.13% of the stock is owned by hedge funds and other institutional investors.
Fundamental Global Company Profile
Fundamental Global Inc engages in reinsurance, merchant banking, and asset management business. The company offers initial public offering services. It also offers specialty property and casualty reinsurance services. In addition, the company provides investment advisory services. The company was formerly known as Ballantyne Strong, Inc and changed its name to FG Group Holdings Inc in December 2022. Fundamental Global Inc was founded in 1932 and is based in Mooresville, North Carolina.
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