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

Investment analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Performance

Shares of LGL opened at $6.35 on Tuesday. The LGL Group has a fifty-two week low of $4.86 and a fifty-two week high of $6.76. The firm has a 50 day moving average price of $6.02 and a 200-day moving average price of $5.82.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to the company in its most recent 13F 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 comprises about 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th largest holding. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 30.28% of the company’s stock.

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.