Lion Group (NASDAQ:LGHL) Stock Price Up 4.9% – Time to Buy?

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL)’s share price shot up 4.9% during mid-day trading on Thursday. The company traded as high as $3.04 and last traded at $3.00. 53,215 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 1,466,315 shares. The stock had previously closed at $2.86.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LGHL. Weiss Ratings raised shares of Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Lion Group to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Lion Group Trading Up 4.9%

The company’s fifty day moving average is $8.68 and its 200 day moving average is $74.83.

Insider Buying and Selling at Lion Group

In related news, major shareholder Financial Lp Hrt sold 4,696 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $31.80, for a total transaction of $149,332.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders purchased 3,103 shares of company stock worth $58,630 and sold 7,003 shares worth $203,401. 8.70% of the stock is owned by company insiders.

Hedge Funds 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 shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned about 81.12% of Lion Group at the end of the most recent reporting period. 0.17% of the stock is owned by hedge funds and other institutional investors.

Lion Group Company Profile

Lion Group Holding Ltd. is a financial services company that operates an online trading and brokerage platform. Through its subsidiaries, the company provides access to securities and futures markets and offers services designed for individual and institutional investors.

Its business activities have included securities brokerage, margin financing, futures trading, asset management, investment banking and wealth management. The company’s platform is intended to support trading in Hong Kong, U.S.