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

Equities researchers at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Up 1.0 %

Shares of The LGL Group stock opened at $6.10 on Wednesday. The LGL Group has a 1 year low of $4.77 and a 1 year high of $6.76. The stock has a fifty day moving average price of $5.98 and a 200-day moving average price of $5.62.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the quarter. The LGL Group comprises 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th largest 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 & Exchange Commission. Institutional investors and hedge funds own 30.28% of the company’s stock.

About The LGL Group

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.