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

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

The LGL Group Stock Performance

Shares of LGL stock opened at $6.67 on Friday. The stock’s 50-day moving average price is $6.40 and its 200 day moving average price is $6.06. The LGL Group has a 52-week low of $4.86 and a 52-week high of $7.00.

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 position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the quarter. The LGL Group accounts for 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest holding. 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 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.