Lion Group (NASDAQ:LGHL) Major Shareholder Financial Lp Hrt Acquires 34,355 Shares

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) major shareholder Financial Lp Hrt purchased 34,355 shares of the stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $0.94 per share, with a total value of $32,293.70. Following the acquisition, the insider directly owned 74,710 shares in the company, valued at $70,227.40. This trade represents a 85.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, July 30th, Financial Lp Hrt sold 16,205 shares of Lion Group stock. The shares were sold at an average price of $1.04, for a total transaction of $16,853.20.
• On Wednesday, July 29th, Financial Lp Hrt sold 3,029 shares of Lion Group stock. The stock was sold at an average price of $1.21, for a total transaction of $3,665.09.
• 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 stock was 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 purchased 36 shares of Lion Group stock. The shares were bought at an average cost 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.
• On Friday, July 24th, Financial Lp Hrt purchased 27,702 shares of Lion Group stock. The shares were bought at an average cost of $0.95 per share, for a total transaction of $26,316.90.

Lion Group Trading Up 0.6%

Shares of LGHL opened at $0.93 on Tuesday. The company’s fifty day moving average is $4.20 and its two-hundred day moving average is $8.15. Lion Group Holding Ltd. Sponsored ADR has a fifty-two week low of $0.86 and a fifty-two week high of $317.06. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.81.

Hedge Funds Weigh In On Lion Group

An institutional investor recently bought a new stake in Lion Group stock. SmartHarvest Portfolios LLC purchased a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 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. Institutional investors and hedge funds own 0.17% of the company’s stock.

Analyst Ratings Changes

LGHL has been the topic of several research reports. Weiss Ratings raised Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. 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, Based on data from MarketBeat.com, Lion Group presently has an average rating of “Sell”.

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.