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

Equities researchers at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Down 0.3 %

Shares of NYSE LGL opened at $5.87 on Friday. The LGL Group has a 1-year low of $4.86 and a 1-year high of $6.76. The company has a 50-day moving average of $5.98 and a two-hundred day moving average of $5.67.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. lifted its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the quarter. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. 30.28% of the stock is currently owned by institutional investors.

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.