Fundamental Global, a private partnership focused on long-term strategic holdings, has purchased 632,911 shares of common stock of FG Financial Group.
Fundamental Global and related parties, including Ballantyne Strong, hold 58.5% of FGF’s common stock.
D. Kyle Cerminara, CEO of Fundamental Global and chairman of FG Financial Group, said, “We are pleased with our recent purchase of FGF, and we consider it to be one of Fundamental Global’s long-term strategic holdings. Furthermore, we are working diligently to eliminate unnecessary distractions that help simplify our organizational structure and allow us to focus on our best opportunities.”