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

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

The LGL Group Stock Performance

Shares of NYSE:LGL opened at $5.76 on Monday. The LGL Group has a 1-year low of $4.86 and a 1-year high of $6.76. The stock’s fifty day simple moving average is $5.98 and its two-hundred day simple moving average is $5.77.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group makes up about 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th largest position. 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 owned by hedge funds and other 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.