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

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research note released on Monday. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

Shares of NYSE LGL opened at $5.97 on Monday. The firm has a fifty day moving average of $5.98 and a 200-day moving average of $5.77. The LGL Group has a 52-week low of $4.86 and a 52-week high of $6.76.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest holding. Bard Associates Inc. owned approximately 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 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.