Lion Group (NASDAQ:LGHL) Major Shareholder Buys $26,316.90 in Stock

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) major shareholder Financial Lp Hrt bought 27,702 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was acquired at an average cost of $0.95 per share, for a total transaction of $26,316.90. Following the acquisition, the insider directly owned 82,962 shares of the company’s stock, valued at $78,813.90. The trade was a 50.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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 Friday, July 17th, Financial Lp Hrt bought 36 shares of Lion Group stock. The stock was bought at an average cost of $1.77 per share, for a total transaction of $63.72.
• On Thursday, July 23rd, Financial Lp Hrt sold 8,435 shares of Lion Group stock. The stock was sold at an average price of $1.43, for a total value of $12,062.05.

Lion Group Trading Up 3.3%

Shares of LGHL stock traded up $0.04 during trading hours on Tuesday, hitting $1.10. The stock had a trading volume of 15,633,538 shares, compared to its average volume of 909,447. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.11 and a quick ratio of 4.11. The stock’s 50 day moving average is $4.83 and its 200 day moving average is $8.81. Lion Group Holding Ltd. Sponsored ADR has a twelve month low of $0.88 and a twelve month high of $349.83.

Lion Group (NASDAQ:LGHL) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($131.04) earnings per share (EPS) for the quarter. The business had revenue of $6.17 million for the quarter.

Institutional Trading of Lion Group

A hedge fund recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC acquired a new position in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned 81.12% of Lion Group at the end of the most recent reporting period. 0.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Lion Group to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings cut shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Lion Group has an average rating of “Sell”.

About Lion Group

Lion Group Holding Ltd., together with its subsidiaries, operates a trading platform for corporate clients, individual traders, and retail investors primarily in the People's Republic of China and Southeast Asia. Its trading platform offers a range of products and services comprising contracts for difference trading, over-the-counter stock options trading, futures and securities brokerage, and total return swap trading services through its Lion Brokers Pro app platform. The company's trading platform allows users to trade various futures products on futures exchanges worldwide, including the Chicago Mercantile Exchange, Singapore Exchange, the Hong Kong Futures Exchange, and Eurex Exchange; stocks listed on the New York Stock Exchange, Nasdaq and Hong Kong Stock Exchange; and the People's Republic of China stocks listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange that are eligible for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs.