Investment analysts at StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL – Get Free Report) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.
The LGL Group Stock Up 2.5 %
NYSE LGL opened at $5.77 on Thursday. The LGL Group has a 1-year low of $4.20 and a 1-year high of $6.76. The firm’s fifty day simple moving average is $6.09 and its 200-day simple moving average is $5.58.
Institutional Investors Weigh In On The LGL Group
A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its holdings in The LGL Group, Inc. (NYSE:LGL – Free Report) by 41.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 417,786 shares of the company’s stock after acquiring an additional 121,403 shares during the quarter. Bard Associates Inc. owned about 7.81% of The LGL Group worth $2,565,000 at the end of the most recent quarter. Institutional investors and hedge funds own 30.28% of the company’s stock.
About The LGL Group
The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company offers NTP Servers, broadband amplifiers, RF distribution, 1PPS distribution, and fiber optic distribution.
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