StockNews.com Initiates Coverage on The LGL Group (NYSE:LGL)

Equities research analysts at StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Performance

Shares of LGL opened at $5.85 on Thursday. The stock has a 50-day moving average of $5.97 and a 200-day moving average of $5.65. The LGL Group has a one year low of $4.77 and a one year high of $6.76.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 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.