StockNews.com Begins Coverage on The LGL Group (NYSE:LGL)

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

The LGL Group Trading Up 4.6 %

NYSE:LGL opened at $6.18 on Friday. The stock has a 50-day simple moving average of $5.98 and a 200 day simple moving average of $5.74. The LGL Group has a one year low of $4.86 and a one year high of $6.76.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group comprises about 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest holding. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 30.28% of the company’s stock.

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.