Fundamental Global (NASDAQ:FGF) Shares Up 0.2% – Time to Buy?

Fundamental Global Inc. (NASDAQ:FGF) shares shot up 0.2% on Thursday . The company traded as high as $25.75 and last traded at $24.56. 183,347 shares traded hands during trading, a decline of 40% from the average session volume of 306,768 shares. The stock had previously closed at $24.50.

Fundamental Global Trading Up 0.2%

The firm has a market capitalization of $31.56 million, a price-to-earnings ratio of 18.75 and a beta of 0.93. The business’s 50-day simple moving average is $20.46 and its two-hundred day simple moving average is $19.01. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.01.

Fundamental Global (NASDAQ:FGF) last announced its quarterly earnings results on Thursday, August 7th. The company reported $3.60 earnings per share for the quarter. The company had revenue of $15.32 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fundamental Global stock. Everstar Asset Management LLC boosted its position in shares of Fundamental Global Inc. (NASDAQ:FGF) by 89.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,000 shares of the company’s stock after acquiring an additional 28,855 shares during the period. Everstar Asset Management LLC owned about 4.80% of Fundamental Global worth $1,090,000 as of its most recent SEC filing. 3.13% of the stock is currently owned by institutional investors and hedge funds.

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.