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

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Performance

Shares of LGL opened at $5.96 on Friday. The LGL Group has a 1 year low of $4.20 and a 1 year high of $6.76. The business has a 50-day moving average of $5.53 and a 200-day moving average of $5.64.

The LGL Group (NYSE:LGL) last released its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The LGL Group had a net margin of 14.07% and a return on equity of 1.05%. The company had revenue of $0.53 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. boosted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 41.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 417,786 shares of the company’s stock after acquiring an additional 121,403 shares during the quarter. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 30.28% of the stock is owned by institutional investors and hedge funds.

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.