Insider Buying: Lion Group (NASDAQ:LGHL) Major Shareholder Buys 31,629 Shares of Stock

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) major shareholder Financial Lp Hrt purchased 31,629 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was bought at an average price of $0.83 per share, with a total value of $26,252.07. Following the acquisition, the insider owned 23,179 shares in the company, valued at $19,238.57. This trade represents a -374.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 6th, Financial Lp Hrt sold 6,437 shares of Lion Group stock. The stock was sold at an average price of $0.99, for a total value of $6,372.63.
• On Wednesday, April 8th, Financial Lp Hrt bought 590 shares of Lion Group stock. The shares were acquired at an average price of $0.96 per share, with a total value of $566.40.
• On Tuesday, April 7th, Financial Lp Hrt bought 24,433 shares of Lion Group stock. The shares were acquired at an average price of $0.90 per share, with a total value of $21,989.70.
• On Friday, March 20th, Financial Lp Hrt sold 9,408 shares of Lion Group stock. The shares were sold at an average price of $1.05, for a total value of $9,878.40.
• On Thursday, March 19th, Financial Lp Hrt bought 4,122 shares of Lion Group stock. The shares were acquired at an average price of $1.10 per share, with a total value of $4,534.20.

Lion Group Stock Performance

Shares of Lion Group stock traded up $0.05 on Thursday, hitting $0.93. 59,852 shares of the company’s stock traded hands, compared to its average volume of 281,041. The firm’s 50-day moving average is $1.18 and its 200 day moving average is $1.84. Lion Group Holding Ltd. Sponsored ADR has a 52-week low of $0.77 and a 52-week high of $62.92.

Analyst Ratings Changes

Several research firms recently issued reports on LGHL. Weiss Ratings reissued a “sell (e)” rating on shares of Lion Group in a research report on Monday, December 29th. Wall Street Zen raised 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, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Lion Group

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc purchased a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned 84.76% of Lion Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.17% of the company’s stock.

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.