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 note published on Wednesday. The brokerage issued a hold rating on the stock.

The LGL Group Stock Performance

Shares of LGL stock opened at $6.09 on Wednesday. The firm has a fifty day simple moving average of $5.98 and a 200-day simple moving average of $5.62. The LGL Group has a twelve month low of $4.74 and a twelve month high of $6.76.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. boosted its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th largest holding. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 30.28% of the stock is currently owned by hedge funds and other institutional investors.

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.