The LGL Group (NYSE:LGL) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

The LGL Group Trading Up 4.6 %

LGL opened at $6.18 on Friday. The business’s 50-day simple moving average is $5.98 and its 200-day simple moving average is $5.74. The LGL Group has a one year low of $4.86 and a one year high of $6.76.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the quarter. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 30.28% of the stock is 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.