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

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

The LGL Group Trading Down 3.8 %

Shares of The LGL Group stock opened at $6.59 on Tuesday. The stock has a fifty day simple moving average of $6.55 and a 200 day simple moving average of $6.16. The LGL Group has a 12-month low of $4.86 and a 12-month high of $7.01.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its holdings in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. 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 approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 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.