Insider Buying: Founder Group (NASDAQ:FGL) Major Shareholder Purchases 107,076 Shares of Stock

Founder Group Limited (NASDAQ:FGL) major shareholder Financial Lp Hrt purchased 107,076 shares of the stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of $0.16 per share, for a total transaction of $17,132.16. Following the completion of the transaction, the insider owned 462,579 shares in the company, valued at $74,012.64. This trade represents a 30.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $0.15, for a total value of $59,366.10.
• On Wednesday, August 26th, Financial Lp Hrt sold 157 shares of Founder Group stock. The stock was sold at an average price of $22.00, for a total transaction of $3,454.00.
• On Thursday, August 27th, Financial Lp Hrt purchased 931 shares of Founder Group stock. The stock was acquired at an average cost 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 shares were sold at an average price of $33.00, for a total transaction of $48,411.00.
• On Friday, August 21st, Financial Lp Hrt acquired 767 shares of Founder Group stock. The stock was 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 stock was acquired at an average price of $38.00 per share, for a total transaction of $5,814.00.

Founder Group Stock Performance

FGL stock traded up $2.03 on Tuesday, hitting $17.23. 304,416 shares of the company’s stock traded hands, compared to its average volume of 18,064. Founder Group Limited has a 1-year low of $12.06 and a 1-year high of $14,000.00. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average of $0.93 and a 200-day moving average of $3.07.

Wall Street Analysts Forecast Growth

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