StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the stock.
The LGL Group Trading Down 0.4 %
Shares of The LGL Group stock opened at $6.75 on Friday. The LGL Group has a 52 week low of $4.86 and a 52 week high of $7.28. The company’s 50-day moving average price is $6.63 and its two-hundred day moving average price is $6.25.
Institutional Trading of The LGL Group
An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its stake in shares of The LGL Group, Inc. (NYSE:LGL – Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the period. The LGL Group comprises about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 27th largest holding. Bard Associates Inc. owned 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 institutional investors and hedge funds.
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.
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