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

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

The LGL Group Stock Performance

LGL stock opened at $5.97 on Monday. The company’s 50 day moving average price is $5.98 and its 200 day moving average price is $5.78. The LGL Group has a fifty-two week low of $4.86 and a fifty-two week high of $6.76.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. 30.28% of the stock is owned by 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.