The LGL Group (NYSE:LGL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

The LGL Group Stock Performance

The LGL Group stock opened at $6.45 on Wednesday. The LGL Group has a 52-week low of $4.86 and a 52-week high of $6.80. The stock’s 50 day moving average price is $6.07 and its two-hundred day moving average price is $5.86.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. boosted its position in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the period. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest position. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.