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

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

The LGL Group Trading Down 2.4 %

LGL opened at $6.00 on Wednesday. The stock has a 50-day moving average of $5.98 and a 200-day moving average of $5.63. The LGL Group has a 52-week low of $4.77 and a 52-week high of $6.76.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its position in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 531,602 shares of the company’s stock after buying 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 biggest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. 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.