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

Analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Down 1.5 %

NYSE:LGL opened at $6.12 on Wednesday. The LGL Group has a fifty-two week low of $4.74 and a fifty-two week high of $6.76. The stock’s 50-day moving average is $5.97 and its two-hundred day moving average is $5.62.

Hedge Funds 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 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group comprises about 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th largest position. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.