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

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

The LGL Group Trading Down 0.9 %

NYSE:LGL opened at $5.80 on Thursday. The business’s 50-day simple moving average is $5.97 and its 200-day simple moving average is $5.66. The LGL Group has a fifty-two week low of $4.82 and a fifty-two week high of $6.76.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. lifted its position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the period. The LGL Group comprises about 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest holding. Bard Associates Inc. owned 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.