Founder Group (NASDAQ:FGL) Major Shareholder Buys $15,835.67 in Stock

Founder Group Limited (NASDAQ:FGL) major shareholder Financial Lp Hrt acquired 93,151 shares of Founder Group stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average cost of $0.17 per share, with a total value of $15,835.67. Following the purchase, the insider directly owned 355,503 shares of the company’s stock, valued at $60,435.51. This represents a 35.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, August 26th, Financial Lp Hrt sold 15,788 shares of Founder Group stock. The shares were sold at an average price of $0.22, for a total value of $3,473.36.
• On Thursday, August 20th, Financial Lp Hrt sold 146,713 shares of Founder Group stock. The shares were sold at an average price of $0.33, for a total value of $48,415.29.
• On Friday, August 21st, Financial Lp Hrt purchased 76,711 shares of Founder Group stock. The stock was bought at an average cost of $0.27 per share, with a total value of $20,711.97.
• On Wednesday, August 19th, Financial Lp Hrt acquired 15,329 shares of Founder Group stock. The shares were bought at an average cost of $0.38 per share, for a total transaction of $5,825.02.

Founder Group Stock Down 18.7%

FGL traded down $0.03 on Friday, hitting $0.14. The company had a trading volume of 5,371,241 shares, compared to its average volume of 1,468,082. The stock has a fifty day moving average price of $0.99 and a 200-day moving average price of $3.25. Founder Group Limited has a 12-month low of $0.12 and a 12-month high of $140.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Founder Group

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.