Shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Get Free Report) were down 20.5% during trading on Wednesday . The stock traded as low as $5.68 and last traded at $5.75. Approximately 58,593 shares traded hands during trading, a decline of 81% from the average daily volume of 303,695 shares. The stock had previously closed at $7.23.
Analyst Upgrades and Downgrades
LGHL has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. Wall Street Zen raised Lion Group to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lion Group currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on LGHL
Lion Group Trading Up 19.1%
Insider Buying and Selling at Lion Group
In other news, major shareholder Financial Lp Hrt bought 1,717 shares of Lion Group stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of $18.80 per share, with a total value of $32,279.60. Following the acquisition, the insider owned 3,735 shares of the company’s stock, valued at approximately $70,218. This trade represents a 85.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have purchased 3,103 shares of company stock worth $58,630 and have sold 7,003 shares worth $203,401. Corporate insiders own 8.70% of the company’s stock.
Hedge Funds Weigh In On Lion Group
An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC acquired 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned approximately 81.12% of Lion Group as of its most recent filing with the Securities and Exchange Commission (SEC). 0.17% of the stock is currently owned by institutional investors.
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.
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