The LGL Group (NYSE:LGL) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a report released on Saturday. The firm set a “hold” rating on the stock.

The LGL Group Stock Up 3.5 %

Shares of NYSE LGL opened at $6.16 on Friday. The LGL Group has a 12 month low of $4.86 and a 12 month high of $6.76. The business has a fifty day simple moving average of $5.98 and a 200-day simple moving average of $5.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its holdings in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the period. The LGL Group comprises about 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th largest holding. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.