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

Equities researchers at StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

The LGL Group Stock Performance

NYSE LGL opened at $6.80 on Friday. The stock’s 50 day simple moving average is $6.23 and its 200-day simple moving average is $5.97. The LGL Group has a 1-year low of $4.86 and a 1-year high of $6.99.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the period. The LGL Group accounts for 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the SEC. 30.28% of the stock is currently owned by institutional investors and hedge funds.

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.