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

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

The LGL Group Price Performance

Shares of LGL opened at $6.12 on Tuesday. The LGL Group has a 52-week low of $4.86 and a 52-week high of $6.76. The stock’s 50-day simple moving average is $6.00 and its 200 day simple moving average is $5.81.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its position in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group accounts for 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th biggest 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 currently 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.