StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a report released on Saturday morning. The brokerage issued a hold rating on the stock.
The LGL Group Price Performance
The LGL Group stock opened at $5.91 on Friday. The firm has a 50 day moving average price of $5.98 and a 200-day moving average price of $5.72. The LGL Group has a twelve month low of $4.86 and a twelve month high of $6.76.
Institutional Investors 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 – Free Report) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s 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 and hedge funds 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.
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