The LGL Group (NYSE:LGL) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Down 2.2 %

LGL opened at $5.88 on Tuesday. The LGL Group has a fifty-two week low of $4.42 and a fifty-two week high of $6.76. The company has a fifty day moving average of $5.95 and a two-hundred day moving average of $5.60.

The LGL Group (NYSE:LGL) last released its earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter. The business had revenue of $0.53 million during the quarter. The LGL Group had a net margin of 14.07% and a return on equity of 1.05%.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to its most recent disclosure 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 biggest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 30.28% of the stock is owned by hedge funds and other institutional investors.

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.