StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL – Get Free Report) in a report issued on Friday. The brokerage set a “hold” rating on the stock.
The LGL Group Trading Down 0.4 %
The LGL Group stock opened at $6.80 on Friday. The LGL Group has a fifty-two week low of $4.86 and a fifty-two week high of $6.99. The firm has a 50 day moving average price of $6.23 and a 200 day moving average price of $5.97.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its stake in shares of The LGL Group, Inc. (NYSE:LGL – Free Report) by 0.4% during 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 quarter. The LGL Group makes up 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 30.28% of the stock is currently owned by institutional investors and hedge funds.
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.
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