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

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research report issued on Thursday. The firm set a “hold” rating on the stock.

The LGL Group Stock Up 9.3 %

NYSE:LGL opened at $7.28 on Thursday. The LGL Group has a twelve month low of $4.86 and a twelve month high of $7.28. The business has a 50 day moving average price of $6.63 and a two-hundred day moving average price of $6.22.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 539,700 shares of the company’s stock after purchasing an additional 8,098 shares during the period. The LGL Group accounts for 1.1% of Bard Associates Inc.’s holdings, making the stock its 27th biggest position. Bard Associates Inc. owned about 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the Securities & Exchange Commission. 30.28% of the stock is currently owned by 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.