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

Analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

The LGL Group Stock Performance

NYSE:LGL opened at $6.75 on Friday. The company’s 50-day moving average is $6.62 and its two-hundred day moving average is $6.27. The LGL Group has a 12-month low of $4.86 and a 12-month high of $7.28.

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 position in The LGL Group, Inc. (NYSE:LGL) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the quarter. The LGL Group accounts for 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th biggest position. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 at the end of the most recent reporting period. 30.28% of the stock is currently owned by hedge funds and other institutional investors.

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.