The LGL Group (NYSE:LGL) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Saturday. The firm issued a hold rating on the stock.

The LGL Group Stock Up 3.5 %

NYSE LGL opened at $6.16 on Friday. The LGL Group has a 12-month low of $4.86 and a 12-month high of $6.76. The company has a fifty day simple moving average of $5.98 and a two-hundred day simple moving average of $5.71.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group accounts for approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest holding. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. Institutional investors own 30.28% of the company’s stock.

The LGL Group Company Profile

The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; Network Time Protocol (NTP) servers; and redundancy auto switches.