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

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Monday morning. The firm issued a hold rating on the stock.

The LGL Group Price Performance

Shares of LGL stock opened at $5.97 on Monday. The stock has a 50 day simple moving average of $5.98 and a 200-day simple moving average of $5.79. The LGL Group has a 12-month low of $4.86 and a 12-month high of $6.76.

Institutional Investors Weigh In On The LGL Group

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

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.