380,000 Shares in FG Nexus Inc $FGNX Bought by Everstar Asset Management LLC

Everstar Asset Management LLC bought a new position in FG Nexus Inc (NASDAQ:FGNX) during the fourth quarter, HoldingsChannel reports. The firm bought 380,000 shares of the company’s stock, valued at approximately $1,045,000.

Separately, Wolverine Asset Management LLC bought a new position in shares of FG Nexus in the 4th quarter worth $465,000. 3.13% of the stock is currently owned by institutional investors and hedge funds.

FG Nexus Trading Down 7.7%

Shares of NASDAQ:FGNX opened at $6.33 on Friday. The stock’s fifty day simple moving average is $6.31 and its two-hundred day simple moving average is $11.03. FG Nexus Inc has a 1-year low of $4.18 and a 1-year high of $206.25. The stock has a market cap of $39.63 million, a PE ratio of 0.33 and a beta of 0.91.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen cut FG Nexus from a “sell” rating to a “strong sell” rating in a report on Saturday. Weiss Ratings cut FG Nexus from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Finally, B. Riley Financial dropped their price objective on FG Nexus from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.00.

FG Nexus Company Profile

FG Financial Group, Inc operates as a reinsurance and investment management holding 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. The company was formerly known as 1347 Property Insurance Holdings, Inc and changed its name to FG Financial Group, Inc in December 2020.