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

Analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Saturday. The firm set a “hold” rating on the stock.

The LGL Group Stock Down 2.9 %

NYSE:LGL opened at $5.34 on Friday. The company has a 50 day simple moving average of $6.00 and a two-hundred day simple moving average of $5.68. The LGL Group has a 12 month low of $4.20 and a 12 month high of $6.76.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its position in shares of The LGL Group, Inc. (NYSE:LGL) by 41.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 currently owned by institutional investors.

About The LGL Group

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.