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

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

The LGL Group Stock Performance

LGL opened at $6.89 on Thursday. The LGL Group has a 1 year low of $4.91 and a 1 year high of $7.28. The stock’s 50 day simple moving average is $6.61 and its 200-day simple moving average is $6.41.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its holdings in The LGL Group, Inc. (NYSE:LGL) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 investment portfolio, making the stock its 27th largest position. Bard Associates Inc. owned approximately 10.04% of The LGL Group worth $3,222,000 at the end of the most recent quarter. Institutional investors own 30.28% of the company’s stock.

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.