StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.
The LGL Group Price Performance
Shares of NYSE LGL opened at $6.55 on Wednesday. The LGL Group has a 52 week low of $4.86 and a 52 week high of $6.80. The stock has a 50 day moving average price of $6.09 and a 200 day moving average price of $5.87.
Institutional Trading of The LGL Group
An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its position in shares of The LGL Group, Inc. (NYSE:LGL – Free Report) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group accounts for 1.1% of Bard Associates Inc.’s 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 reporting period. Hedge funds and other institutional investors own 30.28% of the company’s stock.
About The LGL Group
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.
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