The LGL Group (NYSE:LGL) Trading Down 0.2% – Here’s What Happened

The LGL Group, Inc. (NYSE:LGL)’s stock price fell 0.2% on Monday . The stock traded as low as $5.65 and last traded at $5.76. 11,101 shares were traded during trading, an increase of 22% from the average session volume of 9,064 shares. The stock had previously closed at $5.77.

The LGL Group Trading Up 0.7%

The firm’s 50 day moving average price is $5.94 and its 200-day moving average price is $6.55. The company has a market cap of $31.80 million, a P/E ratio of 33.82 and a beta of 0.42.

Insider Transactions at The LGL Group

In other The LGL Group news, major shareholder Mario J. Gabelli bought 95,387 shares of the stock in a transaction on Tuesday, December 30th. The stock was purchased at an average price of $4.75 per share, with a total value of $453,088.25. Following the acquisition, the insider owned 572,324 shares of the company’s stock, valued at approximately $2,718,539. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.90% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The LGL Group stock. Citadel Advisors LLC acquired a new position in shares of The LGL Group, Inc. (NYSE:LGL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,515 shares of the company’s stock, valued at approximately $90,000. Citadel Advisors LLC owned 0.25% of The LGL Group as of its most recent SEC filing. Hedge funds and other institutional investors own 30.28% of the company’s stock.

The LGL Group Company Profile

The LGL Group, Incorporated is a diversified holding company that delivers specialized engineering and materials solutions primarily for defense, aerospace and industrial markets. Through its subsidiaries, the company provides design, integration and life-cycle support for communications, navigation and electronic warfare systems. Leveraging a team of experienced engineers and technicians, LGL offers turnkey capabilities that span from prototype development and system installation to ongoing maintenance and field upgrades.

One of the company’s core businesses focuses on defense electronics, where it supports U.S.