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

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research report sent to investors on Monday. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

The LGL Group stock opened at $6.54 on Monday. The firm has a 50 day moving average of $6.48 and a 200 day moving average of $6.12. The LGL Group has a 12-month low of $4.86 and a 12-month high of $7.01.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,700 shares of the company’s stock after buying an additional 8,098 shares during the quarter. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s holdings, making the stock its 27th largest position. Bard Associates Inc. owned about 10.04% of The LGL Group worth $3,222,000 as of its most recent SEC filing. 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.