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

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.

The LGL Group Stock Up 7.3 %

NYSE:LGL opened at $6.78 on Friday. The LGL Group has a 52-week low of $4.86 and a 52-week high of $7.28. The stock’s 50-day simple moving average is $6.63 and its 200 day simple moving average is $6.23.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its position in The LGL Group, Inc. (NYSE:LGL) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,700 shares of the company’s stock after buying an additional 8,098 shares during the quarter. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s holdings, 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 filing with the Securities and Exchange Commission. 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.