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

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

The LGL Group Price Performance

Shares of NYSE:LGL opened at $6.23 on Wednesday. The firm has a 50 day moving average of $6.60 and a 200 day moving average of $6.18. The LGL Group has a 52 week low of $4.86 and a 52 week high of $7.01.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 539,700 shares of the company’s stock after purchasing an additional 8,098 shares during the period. The LGL Group accounts for approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th biggest holding. Bard Associates Inc. owned about 10.04% of The LGL Group worth $3,222,000 at the end of the most recent quarter. 30.28% of the stock is currently owned by hedge funds and other institutional investors.

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.