Founder Group (NASDAQ:FGL) Major Shareholder Financial Lp Hrt Purchases 107,076 Shares

Founder Group Limited (NASDAQ:FGL) major shareholder Financial Lp Hrt bought 107,076 shares of the business’s stock in a transaction on Friday, August 28th. The stock was purchased at an average price of $0.16 per share, for a total transaction of $17,132.16. Following the completion of the acquisition, the insider owned 462,579 shares of the company’s stock, valued at approximately $74,012.64. This trade represents a 30.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 31st, Financial Lp Hrt sold 395,774 shares of Founder Group stock. The stock was sold at an average price of $0.15, for a total transaction of $59,366.10.
• On Wednesday, August 26th, Financial Lp Hrt sold 157 shares of Founder Group stock. The shares were sold at an average price of $22.00, for a total transaction of $3,454.00.
• On Thursday, August 27th, Financial Lp Hrt acquired 931 shares of Founder Group stock. The stock was purchased at an average price of $17.00 per share, with a total value of $15,827.00.
• On Thursday, August 20th, Financial Lp Hrt sold 1,467 shares of Founder Group stock. The stock was sold at an average price of $33.00, for a total value of $48,411.00.
• On Friday, August 21st, Financial Lp Hrt acquired 767 shares of Founder Group stock. The shares were acquired at an average cost of $27.00 per share, for a total transaction of $20,709.00.
• On Wednesday, August 19th, Financial Lp Hrt bought 153 shares of Founder Group stock. The shares were acquired at an average price of $38.00 per share, for a total transaction of $5,814.00.

Founder Group Price Performance

Shares of FGL opened at $17.23 on Wednesday. The stock has a 50 day simple moving average of $89.71 and a 200 day simple moving average of $298.31. Founder Group Limited has a 52-week low of $12.06 and a 52-week high of $14,000.00. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.59.

Analyst Upgrades and Downgrades

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