Fundamental Global Inc. (NASDAQ:FGF), a small-cap company with a market capitalization of approximately $48 million, recently disclosed significant stock purchases by its affiliated entities, according to a filing with the Securities and Exchange Commission. The stock, currently trading at $37.70, has shown strong momentum with a 14% gain in the past week. On November 26, 2024, FG Financial Holdings, LLC, a related entity, acquired a total of 3,000 shares of Fundamental Global's common stock, with purchase prices ranging from $28.86 to $33.00 per share. Additionally, the entity purchased 7,000 shares of the company's 8.00% Cumulative Preferred Stock, Series A, at prices between $17.03 and $19.25 per share. The total value of these transactions amounted to $217,720. According to InvestingPro, the company maintains a GREAT financial health score, suggesting strong fundamental positioning.
These acquisitions increase the holdings of FG Financial Holdings, LLC to 329,965 shares of common stock and 78,131 shares of preferred stock. The transactions reflect ongoing investment activity by entities associated with Fundamental Global GP, LLC, where D. Kyle Cerminara serves as CEO and Chairman. With a price-to-book ratio of 0.71, InvestingPro analysis indicates the stock is currently trading near its Fair Value, while offering additional insights through 6 more ProTips and extensive financial metrics.
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