Insider Selling: Lion Group (NASDAQ:LGHL) Major Shareholder Sells 16,205 Shares of Stock

by · The Cerbat Gem

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Get Free Report) major shareholder Financial Lp Hrt sold 16,205 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $1.04, for a total value of $16,853.20. Following the sale, the insider directly owned 40,355 shares of the company’s stock, valued at approximately $41,969.20. This represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 Friday, July 31st, Financial Lp Hrt acquired 34,355 shares of Lion Group stock. The shares were bought at an average price of $0.94 per share, for a total transaction of $32,293.70.
  • On Wednesday, July 29th, Financial Lp Hrt sold 3,029 shares of Lion Group stock. The shares were 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 shares were 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 bought 36 shares of Lion Group stock. The stock was acquired 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 shares were sold at an average price of $1.43, for a total value of $12,062.05.
  • On Friday, July 24th, Financial Lp Hrt acquired 27,702 shares of Lion Group stock. The stock was acquired at an average cost of $0.95 per share, with a total value of $26,316.90.

Lion Group Stock Performance

NASDAQ:LGHL traded up $0.01 on Monday, hitting $0.93. 311,702 shares of the company’s stock traded hands, compared to its average volume of 994,660. Lion Group Holding Ltd. Sponsored ADR has a 1 year low of $0.86 and a 1 year 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. The firm has a 50-day moving average price of $4.20 and a 200-day moving average price of $8.15.

Lion Group (NASDAQ:LGHL – Get Free Report) 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen upgraded Lion Group to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings upgraded Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lion Group currently has an average rating of “Sell”.

Read Our Latest Report on LGHL

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC bought a new position in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned 81.12% of Lion Group as of its most recent SEC filing. 0.17% of the stock is currently owned by institutional investors and hedge funds.

About Lion Group

(Get Free Report)

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.

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