The LGL Group (NYSE:LGL) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

The LGL Group Price Performance

NYSE:LGL opened at $6.75 on Friday. The business’s 50-day simple moving average is $6.63 and its two-hundred day simple moving average is $6.24. The LGL Group has a 52 week low of $4.86 and a 52 week high of $7.28.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its stake in The LGL Group, Inc. (NYSE:LGL) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 539,700 shares of the company’s stock after buying an additional 8,098 shares during the quarter. The LGL Group makes up about 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th largest position. Bard Associates Inc. owned about 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the SEC. 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.