Insider Buying: Lion Group (NASDAQ:LGHL) Major Shareholder Purchases $26,316.90 in Stock

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) major shareholder Financial Lp Hrt acquired 27,702 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was purchased at an average cost of $0.95 per share, for a total transaction of $26,316.90. Following the transaction, the insider owned 82,962 shares in the company, valued at approximately $78,813.90. The trade was a 50.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 27th, Financial Lp Hrt sold 93,931 shares of Lion Group stock. The stock was sold at an average price of $1.59, for a total transaction of $149,350.29.
• 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 transaction of $5,117.68.
• On Monday, July 20th, Financial Lp Hrt sold 4,366 shares of Lion Group stock. The shares were sold at an average price of $1.55, for a total transaction of $6,767.30.
• On Friday, July 17th, Financial Lp Hrt bought 36 shares of Lion Group stock. The stock was purchased at an average price of $1.77 per share, with a total value 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 transaction of $12,062.05.

Lion Group Price Performance

Shares of LGHL stock opened at $1.03 on Friday. The business’s fifty day simple moving average is $4.45 and its 200-day simple moving average is $8.40. 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 12-month low of $0.88 and a 12-month high of $322.85.

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

Institutional Investors Weigh In On Lion Group

A hedge fund recently bought a new stake in Lion Group stock. SmartHarvest Portfolios LLC acquired a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned about 81.12% of Lion Group at the end of the most recent reporting period. Institutional investors own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LGHL. Weiss Ratings upgraded Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday. Wall Street Zen upgraded Lion Group to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently 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.