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

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

The LGL Group Price Performance

Shares of NYSE:LGL opened at $6.96 on Thursday. The LGL Group has a one year low of $4.86 and a one year high of $6.99. The firm has a fifty day moving average price of $6.17 and a two-hundred day moving average price of $5.94.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. grew its position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group makes up about 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.