Shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Get Free Report) were up 4.9% on Thursday. The stock traded as high as $3.04 and last traded at $3.00. Approximately 53,215 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 1,466,315 shares. The stock had previously closed at $2.86.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on LGHL shares. Weiss Ratings raised shares of Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Lion Group to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Report on LGHL
Lion Group Stock Performance
Insider Transactions at Lion Group
In related news, major shareholder Financial Lp Hrt sold 4,696 shares of Lion Group stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $31.80, for a total transaction of $149,332.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 7,003 shares of company stock worth $203,401 in the last ninety days. Insiders own 8.70% of the company’s stock.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Lion Group stock. SmartHarvest Portfolios LLC bought a new position in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned about 81.12% of Lion Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.17% of the company’s stock.
About Lion Group
Lion Group Holding Ltd. is a financial services company that operates an online trading and brokerage platform. Through its subsidiaries, the company provides access to securities and futures markets and offers services designed for individual and institutional investors.
Its business activities have included securities brokerage, margin financing, futures trading, asset management, investment banking and wealth management. The company’s platform is intended to support trading in Hong Kong, U.S.
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