The LGL Group (NYSE:LGL) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research report released on Monday morning. The firm issued a hold rating on the stock.

The LGL Group Trading Up 3.6 %

The LGL Group stock opened at $5.97 on Monday. The stock has a fifty day moving average price of $5.98 and a 200 day moving average price of $5.79. The LGL Group has a 52 week low of $4.86 and a 52 week high of $6.76.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 30.28% of the company’s stock.

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.