The LGL Group (NYSE:LGL) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a research report report published on Sunday. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

Shares of LGL stock opened at $6.15 on Friday. The LGL Group has a 1-year low of $4.86 and a 1-year high of $6.76. The stock has a 50-day moving average of $5.98 and a 200-day moving average of $5.75.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the period. The LGL Group accounts for 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest holding. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.