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 released on Tuesday morning. The brokerage issued a hold rating on the stock.

The LGL Group Stock Performance

NYSE LGL opened at $6.23 on Tuesday. The firm has a 50-day moving average of $6.01 and a 200-day moving average of $5.82. 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

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group accounts for approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. 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.