StockNews.com Begins Coverage on The LGL Group (NYSE:LGL)

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Wednesday. The brokerage issued a hold rating on the stock.

The LGL Group Stock Up 6.7 %

LGL stock opened at $6.38 on Wednesday. The LGL Group has a 12 month low of $4.86 and a 12 month high of $7.01. The firm’s 50-day moving average is $6.60 and its 200 day moving average is $6.19.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group accounts for about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th largest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 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.