Lion Group (NASDAQ:LGHL) Stock Scheduled to Reverse Split on Thursday, September 10th

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL)’s stock is scheduled to reverse split on the morning of Thursday, September 10th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, September 9th.

Lion Group Trading Down 12.7%

Shares of NASDAQ LGHL traded down $0.08 during midday trading on Tuesday, hitting $0.55. The stock had a trading volume of 3,662,731 shares, compared to its average volume of 1,719,688. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.11 and a current ratio of 4.11. Lion Group has a 1-year low of $0.49 and a 1-year high of $317.06. The company has a fifty day moving average price of $2.10 and a 200 day moving average price of $6.52.

Analyst Ratings Changes

LGHL has been the topic of several research reports. Wall Street Zen upgraded shares of Lion Group to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings downgraded shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lion Group has an average rating of “Sell”.

Insider Activity at Lion Group

In other Lion Group news, major shareholder Financial Lp Hrt sold 93,931 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $1.59, for a total transaction of $149,350.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders bought 62,093 shares of company stock worth $58,674 and sold 140,121 shares worth $203,480. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lion Group

An institutional investor recently bought a new stake in Lion Group stock. SmartHarvest Portfolios LLC purchased a new position in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned approximately 81.12% of Lion Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.17% of the company’s stock.

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.