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

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

The LGL Group Stock Up 3.2 %

Shares of NYSE LGL opened at $6.87 on Monday. The LGL Group has a 1 year low of $4.86 and a 1 year high of $7.01. The stock’s 50-day simple moving average is $6.47 and its 200-day simple moving average is $6.11.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its stake in 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 (SEC). The institutional investor owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the period. The LGL Group accounts for 1.1% of Bard Associates Inc.’s 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 filing with the Securities and Exchange Commission (SEC). 30.28% of the stock is currently owned by hedge funds and other institutional investors.

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.