Key Points
- Financial Lp Hrt purchased 107,076 Founder Group shares at an average price of $0.16, investing $17,132.16 and increasing its reported position by 30.12% to 462,579 shares.
- The shareholder also reported several recent transactions, including the sale of 395,774 shares at $0.15 each on August 31, alongside smaller purchases and sales at substantially higher stated prices.
- Founder Group opened at $17.23, while Weiss Ratings reaffirmed a “sell (e+)” rating; MarketBeat data shows the stock has an overall “Sell” consensus.
Founder Group Limited (NASDAQ:FGL - Get Free Report) major shareholder Financial Lp Hrt bought 107,076 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average cost of $0.16 per share, with a total value of $17,132.16. Following the completion of the purchase, the insider directly owned 462,579 shares of the company's stock, valued at $74,012.64. This represents a 30.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 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 value of $3,454.00.
- On Thursday, August 27th, Financial Lp Hrt acquired 931 shares of Founder Group stock. The shares were bought 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 stock was sold at an average price of $33.00, for a total transaction of $48,411.00.
- On Friday, August 21st, Financial Lp Hrt bought 767 shares of Founder Group stock. The shares were purchased at an average price of $27.00 per share, for a total transaction of $20,709.00.
- On Wednesday, August 19th, Financial Lp Hrt acquired 153 shares of Founder Group stock. The shares were purchased at an average price of $38.00 per share, for a total transaction of $5,814.00.
Founder Group Price Performance
NASDAQ:FGL opened at $17.23 on Wednesday. Founder Group Limited has a 52 week low of $12.06 and a 52 week 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 firm's 50-day simple moving average is $89.71 and its 200 day simple moving average is $298.31.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Founder Group in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".
Read Our Latest Stock Analysis on Founder Group
About Founder Group
(
Get Free Report)
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.
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