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

Equities research analysts at StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

The LGL Group Price Performance

Shares of LGL stock opened at $6.45 on Wednesday. The business’s 50-day moving average price is $6.07 and its 200-day moving average price is $5.86. The LGL Group has a 12 month low of $4.86 and a 12 month high of $6.80.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its position in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to the company in 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 quarter. The LGL Group makes up about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th largest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. 30.28% of the stock is owned by institutional investors and hedge funds.

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.