FG Financial Group, Inc. (NASDAQ:FGF) Short Interest Up 32.0% in August

FG Financial Group, Inc. (NASDAQ:FGF) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 19,400 shares, a growth of 32.0% from the July 31st total of 14,700 shares. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 1.2 days.

FG Financial Group Trading Down 3.9 %

FGF stock opened at $1.23 on Wednesday. The company has a market capitalization of $12.67 million, a PE ratio of 1.60 and a beta of 0.67. FG Financial Group has a 12-month low of $1.18 and a 12-month high of $3.18. The business’s fifty day moving average price is $1.55 and its 200 day moving average price is $2.08.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded FG Financial Group from a “c” rating to a “d+” rating in a research report on Tuesday, August 1st.

Insider Buying and Selling at FG Financial Group

In other FG Financial Group news, major shareholder Fundamental Global Gp, Llc bought 20,593 shares of FG Financial Group stock in a transaction on Monday, June 12th. The shares were bought at an average price of $1.85 per share, for a total transaction of $38,097.05. Following the completion of the transaction, the insider now directly owns 5,639,704 shares of the company’s stock, valued at $10,433,452.40. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 61.60% of the company’s stock.

Institutional Investors Weigh In On FG Financial Group

Several institutional investors and hedge funds have recently modified their holdings of FGF. Epacria Capital Partners LLC purchased a new stake in FG Financial Group during the 4th quarter worth about $40,000. Geode Capital Management LLC increased its holdings in FG Financial Group by 155.1% during the 2nd quarter. Geode Capital Management LLC now owns 41,308 shares of the company’s stock worth $76,000 after purchasing an additional 25,113 shares during the period. Finally, CSS LLC IL purchased a new stake in FG Financial Group during the 2nd quarter worth about $117,000. Hedge funds and other institutional investors own 3.21% of the company’s stock.

FG Financial Group Company Profile

FG Financial Group, Inc operates as a reinsurance, merchant banking, and asset management company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee.