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

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

The LGL Group Stock Up 3.6 %

Shares of LGL opened at $5.97 on Monday. The stock’s 50 day moving average is $5.98 and its two-hundred day moving average is $5.78. The LGL Group has a twelve month low of $4.86 and a twelve month high of $6.76.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its holdings in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the period. The LGL Group accounts for about 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 30.28% of the stock is owned by institutional investors and hedge funds.

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.