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

Investment analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research note issued on Monday. The firm set a “hold” rating on the stock.

The LGL Group Stock Performance

NYSE:LGL opened at $6.87 on Monday. The LGL Group has a 12-month low of $4.86 and a 12-month high of $7.01. The business has a 50 day simple moving average of $6.47 and a 200 day simple moving average of $6.11.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its position in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 531,602 shares of the company’s stock after purchasing 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 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. 30.28% of the stock is currently owned by institutional investors and hedge funds.

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.