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

Equities research 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 Trading Down 1.5 %

NYSE:LGL opened at $6.44 on Monday. The company has a fifty day moving average of $6.49 and a 200 day moving average of $6.12. The LGL Group has a 52 week low of $4.86 and a 52 week high of $7.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539,700 shares of the company’s stock after purchasing an additional 8,098 shares during the quarter. The LGL Group makes up about 1.1% of Bard Associates Inc.’s holdings, making the stock its 27th biggest holding. Bard Associates Inc. owned about 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the Securities and Exchange Commission. 30.28% of the stock is owned by hedge funds and other 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.