The LGL Group (NYSE:LGL) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

The LGL Group Price Performance

The LGL Group stock opened at $6.67 on Friday. The LGL Group has a 1 year low of $4.86 and a 1 year high of $7.00. The firm has a 50-day moving average of $6.40 and a two-hundred day moving average of $6.06.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake 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 disclosure 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 quarter. The LGL Group comprises about 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th largest holding. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.