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

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a report published on Wednesday morning. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

LGL opened at $6.00 on Wednesday. The LGL Group has a 1-year low of $4.77 and a 1-year high of $6.76. The business has a 50 day moving average of $5.98 and a 200-day moving average of $5.63.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 portfolio, 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 filing with the Securities & 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.