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

Shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) are scheduled to reverse split before the market opens on Thursday, September 10th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 9th.

Lion Group Price Performance

LGHL stock 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’s 50-day moving average price is $2.10 and its 200 day moving average price is $6.52. 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 has a 12-month low of $0.49 and a 12-month high of $317.06.

Analyst Ratings Changes

Several research firms recently weighed in on LGHL. Weiss Ratings downgraded Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, August 14th. Wall Street Zen upgraded Lion Group to a “hold” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Insiders Place Their Bets

In other Lion Group news, major shareholder Financial Lp Hrt sold 93,931 shares of Lion Group stock in a transaction on Monday, July 27th. The shares were sold at an average price of $1.59, for a total value of $149,350.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have purchased 62,093 shares of company stock worth $58,674 and have sold 140,121 shares worth $203,480. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Lion Group stock. Marex Group plc purchased a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned 84.76% 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.

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.