The LGL Group (NYSE:LGL) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the stock.

The LGL Group Stock Performance

NYSE:LGL opened at $5.85 on Thursday. The stock’s 50-day moving average is $5.97 and its 200-day moving average is $5.65. The LGL Group has a 1-year low of $4.77 and a 1-year high of $6.76.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its holdings in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group makes up 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. Institutional investors own 30.28% of the company’s stock.

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.