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

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a report released on Thursday. The firm issued a hold rating on the stock.

The LGL Group Price Performance

LGL stock opened at $6.66 on Thursday. The LGL Group has a 52-week low of $4.86 and a 52-week high of $7.01. The business has a fifty day moving average of $6.62 and a two-hundred day moving average of $6.21.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its stake in The LGL Group, Inc. (NYSE:LGL) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the period. The LGL Group comprises 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th biggest holding. Bard Associates Inc. owned approximately 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the SEC. 30.28% of the stock is owned by hedge funds and other institutional investors.

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.