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

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

The LGL Group Stock Up 4.2 %

The LGL Group stock opened at $6.90 on Friday. The stock’s 50 day moving average is $6.34 and its 200 day moving average is $6.03. The LGL Group has a one year low of $4.86 and a one year high of $6.99.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its stake in The LGL Group, Inc. (NYSE:LGL) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 accounts for approximately 1.1% of Bard Associates Inc.’s portfolio, making the stock its 27th largest position. Bard Associates Inc. owned approximately 10.04% of The LGL Group worth $3,222,000 as of its most recent SEC filing. 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.