StockNews.com Initiates Coverage on The LGL Group (NYSE:LGL)

Equities research analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Up 0.6 %

Shares of LGL stock opened at $6.37 on Tuesday. The LGL Group has a fifty-two week low of $4.86 and a fifty-two week high of $7.01. The stock’s 50-day moving average is $6.56 and its two-hundred day moving average is $6.16.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the quarter. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s holdings, making the stock its 27th largest position. Bard Associates Inc. owned about 10.04% of The LGL Group worth $3,222,000 as of its most recent SEC filing. 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.