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

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

The LGL Group Price Performance

Shares of LGL opened at $6.77 on Tuesday. The LGL Group has a twelve month low of $4.86 and a twelve month high of $7.01. The company’s fifty day simple moving average is $6.58 and its 200-day simple moving average is $6.16.

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 position in The LGL Group, Inc. (NYSE:LGL) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the quarter. The LGL Group comprises about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 27th largest position. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 at the end of the most recent reporting period. Institutional investors 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.