StockNews.com Initiates Coverage on The LGL Group (NYSE:LGL)

Stock analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Trading Up 1.9 %

NYSE LGL opened at $6.35 on Tuesday. The company’s 50 day simple moving average is $6.02 and its two-hundred day simple moving average is $5.82. The LGL Group has a 1 year low of $4.86 and a 1 year high of $6.76.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. grew its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group comprises 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. Institutional investors own 30.28% of the company’s stock.

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.