Fundamental Global (NASDAQ:FGF) Shares Up 2.5% – What’s Next?

Fundamental Global Inc. (NASDAQ:FGF) shares shot up 2.5% during trading on Thursday . The stock traded as high as $2.96 and last traded at $2.86. 1,427,437 shares changed hands during mid-day trading, an increase of 365% from the average session volume of 306,768 shares. The stock had previously closed at $2.79.

Fundamental Global Trading Up 2.5%

The company has a 50-day moving average price of $3.32 and a 200 day moving average price of $11.41. The stock has a market capitalization of $3.68 million, a P/E ratio of -0.16 and a beta of 0.93. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fundamental Global stock. Everstar Asset Management LLC boosted its position in shares of Fundamental Global Inc. (NASDAQ:FGF) by 89.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,000 shares of the company’s stock after acquiring an additional 28,855 shares during the period. Everstar Asset Management LLC owned 4.80% of Fundamental Global worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission. 3.13% of the stock is currently owned by hedge funds and other institutional investors.

About Fundamental Global

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.