Shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Get Free Report) shot up 10.2% during mid-day trading on Wednesday . The company traded as high as $0.7880 and last traded at $0.7590. 105,595 shares changed hands during trading, an increase of 6% from the average session volume of 99,510 shares. The stock had previously closed at $0.6890.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on LGHL. Weiss Ratings downgraded shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday. Wall Street Zen raised shares of Lion Group to a “sell” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lion Group presently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on LGHL
Lion Group Stock Down 14.7%
Insiders Place Their Bets
In related news, major shareholder Financial Lp Hrt sold 39,250 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $0.88, for a total value of $34,540.00. Following the completion of the transaction, the insider owned 3,967 shares of the company’s stock, valued at approximately $3,490.96. This represents a 90.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have acquired 62,226 shares of company stock valued at $54,635 and have sold 55,095 shares valued at $50,791. Corporate insiders own 8.70% of the company’s stock.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC bought a new position in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 filing with the SEC. Institutional investors and hedge funds own 0.17% of the company’s stock.
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.
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