StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a research report released on Thursday morning. The brokerage issued a hold rating on the stock.
The LGL Group Stock Up 0.6 %
Shares of NYSE LGL opened at $5.44 on Thursday. The stock’s fifty day moving average price is $6.10 and its two-hundred day moving average price is $5.57. The LGL Group has a one year low of $4.18 and a one year high of $6.76.
Institutional Inflows and Outflows
An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its stake in shares of The LGL Group, Inc. (NYSE:LGL – Free Report) by 41.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the quarter. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 as of its most recent SEC filing. 30.28% of the stock is owned by institutional investors and hedge funds.
The LGL Group Company Profile
The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company offers NTP Servers, broadband amplifiers, RF distribution, 1PPS distribution, and fiber optic distribution.
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