Lion Group (NASDAQ:LGHL) Major Shareholder Sells 8,435 Shares

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) major shareholder Financial Lp Hrt sold 8,435 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1.43, for a total value of $12,062.05. Following the transaction, the insider directly owned 55,260 shares in the company, valued at $79,021.80. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 Wednesday, July 22nd, Financial Lp Hrt sold 3,763 shares of Lion Group stock. The shares were sold at an average price of $1.36, for a total value of $5,117.68.
• On Monday, July 20th, Financial Lp Hrt sold 4,366 shares of Lion Group stock. The stock was sold at an average price of $1.55, for a total value of $6,767.30.
• On Friday, July 17th, Financial Lp Hrt purchased 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 Friday, July 24th, Financial Lp Hrt acquired 27,702 shares of Lion Group stock. The shares were bought at an average cost of $0.95 per share, with a total value of $26,316.90.

Lion Group Stock Performance

Shares of Lion Group stock traded down $0.01 on Tuesday, hitting $1.06. The stock had a trading volume of 16,487,096 shares, compared to its average volume of 913,356. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.81. Lion Group Holding Ltd. Sponsored ADR has a one year low of $0.88 and a one year high of $349.83. The stock’s 50-day simple moving average is $4.83 and its two-hundred day simple moving average is $8.81.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on LGHL. Wall Street Zen raised shares of Lion Group to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings downgraded Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Lion Group

An institutional investor recently bought a new stake in Lion Group stock. SmartHarvest Portfolios LLC bought a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned approximately 81.12% of Lion Group at the end of the most recent quarter. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Lion Group Company Profile

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.