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 research note published on Thursday morning. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

LGL opened at $6.99 on Thursday. The LGL Group has a 1 year low of $4.86 and a 1 year high of $6.99. The firm has a 50 day moving average price of $6.16 and a 200 day moving average price of $5.92.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group accounts for 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th biggest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 30.28% of the stock is 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.