Insider Selling: Lion Group (NASDAQ:LGHL) Major Shareholder Sells $16,853.20 in Stock

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) major shareholder Financial Lp Hrt sold 16,205 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 40,355 shares of the company’s stock, valued at $41,969.20. This represents a 28.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 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 Friday, July 31st, Financial Lp Hrt acquired 34,355 shares of Lion Group stock. The stock was acquired at an average cost 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 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 shares were sold at an average price of $1.59, for a total value 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 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 price of $1.77 per share, for a total transaction 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 shares were bought at an average price of $0.95 per share, with a total value of $26,316.90.

Lion Group Stock Up 0.6%

Lion Group stock opened at $0.94 on Thursday. The stock’s 50 day moving average is $3.95 and its 200 day moving average is $7.93. 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 $0.86 and a one year high of $317.06.

Institutional Investors Weigh In On Lion Group

An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC purchased a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 filing with the Securities & Exchange Commission. Institutional investors own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LGHL shares. Weiss Ratings upgraded shares of Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Lion Group to a “hold” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus 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.