LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Short Interest Update

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 23,373 shares, a growth of 103.9% from the April 30th total of 11,461 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 6,412 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of LGL Group during the 3rd quarter worth $90,000. Osaic Holdings Inc. raised its position in shares of LGL Group by 15.5% during the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 2,710 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of LGL Group by 3.6% during the first quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after purchasing an additional 5,773 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of LGL Group by 2.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock valued at $4,662,000 after purchasing an additional 18,305 shares during the period. Institutional investors own 30.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research raised LGL Group to a “hold” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

LGL Group Stock Down 0.8%

Shares of LGL Group stock traded down $0.06 during trading on Monday, reaching $7.06. The company’s stock had a trading volume of 3,768 shares, compared to its average volume of 10,781. The business has a 50 day moving average price of $7.07 and a 200-day moving average price of $6.68. The company has a market capitalization of $46.17 million, a P/E ratio of 706.71 and a beta of 0.31. LGL Group has a 12-month low of $5.45 and a 12-month high of $9.74.

LGL Group (NYSEAMERICAN:LGL) last released its quarterly earnings results on Monday, March 30th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.09). The business had revenue of $0.80 million during the quarter, compared to the consensus estimate of $9.10 million. LGL Group had a return on equity of 0.16% and a net margin of 1.66%. Research analysts predict that LGL Group will post -0.06 EPS for the current fiscal year.

About LGL Group

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.