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

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research report released on Thursday. The firm issued a hold rating on the stock.

The LGL Group Stock Performance

Shares of LGL opened at $6.96 on Thursday. The LGL Group has a 1-year low of $4.86 and a 1-year high of $6.99. The company’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $5.94.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 comprises approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest holding. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.