Lion Group Shares to Reverse Split on Thursday, September 10th (NASDAQ:LGHL)

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL)’s stock is going to reverse split before the market opens on Thursday, September 10th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 9th.

Lion Group Trading Down 1.0%

NASDAQ:LGHL opened at $0.44 on Friday. The stock’s 50 day moving average price is $1.38 and its 200 day moving average price is $5.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.11 and a current ratio of 4.11. Lion Group has a 52 week low of $0.39 and a 52 week high of $317.06.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LGHL. Wall Street Zen upgraded shares of Lion Group to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings raised shares of Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lion Group presently has an average rating of “Sell”.

Insider Activity at Lion Group

In related news, major shareholder Financial Lp Hrt sold 93,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $1.59, for a total value of $149,350.29. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders bought 62,093 shares of company stock worth $58,674 and sold 140,121 shares worth $203,480. Corporate insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Lion Group

An institutional investor recently bought a new stake in Lion Group stock. Marex Group plc bought a new position in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned 84.76% 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., 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.