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

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

The LGL Group Trading Down 1.5 %

Shares of The LGL Group stock opened at $6.44 on Monday. The firm’s 50-day moving average is $6.49 and its 200 day moving average is $6.12. The LGL Group has a 1 year low of $4.86 and a 1 year high of $7.01.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the period. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest position. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 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.