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

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Saturday. The firm set a “hold” rating on the stock.

The LGL Group Stock Performance

LGL stock opened at $6.75 on Friday. The stock’s 50 day moving average is $6.62 and its two-hundred day moving average is $6.27. The LGL Group has a 52-week low of $4.86 and a 52-week high of $7.28.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 539,700 shares of the company’s stock after purchasing an additional 8,098 shares during the period. The LGL Group accounts for 1.1% of Bard Associates Inc.’s portfolio, making the stock its 27th biggest position. Bard Associates Inc. owned approximately 10.04% of The LGL Group worth $3,222,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 30.28% of the company’s stock.

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.