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

Stock analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Performance

The LGL Group stock opened at $6.16 on Friday. The stock’s 50 day moving average is $5.98 and its 200 day moving average is $5.71. The LGL Group has a twelve month low of $4.86 and a twelve month high of $6.76.

Institutional Trading of 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% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the period. The LGL Group makes up 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 30.28% of the stock is owned by institutional investors.

The LGL Group Company Profile

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.