160,000 Shares in FG Nexus Inc $FGNX Acquired by United Capital Management of KS Inc.

United Capital Management of KS Inc. purchased a new position in shares of FG Nexus Inc (NASDAQ:FGNX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 160,000 shares of the company’s stock, valued at approximately $440,000. United Capital Management of KS Inc. owned about 2.44% of FG Nexus as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FGNX. FNY Investment Advisers LLC acquired a new position in FG Nexus during the fourth quarter worth approximately $68,000. Wolverine Asset Management LLC acquired a new position in FG Nexus during the fourth quarter worth approximately $465,000. Everstar Asset Management LLC acquired a new stake in shares of FG Nexus in the fourth quarter worth $1,045,000. Geode Capital Management LLC acquired a new stake in shares of FG Nexus in the fourth quarter worth $1,330,000. Finally, LPL Financial LLC acquired a new stake in shares of FG Nexus in the fourth quarter worth $31,000. Institutional investors and hedge funds own 3.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FGNX shares. Wall Street Zen lowered shares of FG Nexus from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. B. Riley Financial dropped their price objective on shares of FG Nexus from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Finally, Weiss Ratings lowered shares of FG Nexus from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.00.

FG Nexus Stock Down 0.9%

FG Nexus stock opened at $6.41 on Friday. FG Nexus Inc has a 52-week low of $4.18 and a 52-week high of $206.25. The firm has a fifty day moving average of $6.58 and a 200-day moving average of $9.82. The firm has a market capitalization of $36.79 million, a P/E ratio of 0.50 and a beta of 1.02.

FG Nexus Profile

FG Financial Group, Inc operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc and changed its name to FG Financial Group, Inc in December 2020.