The LGL Group (NYSE:LGL) Now Covered by Analysts at StockNews.com

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

The LGL Group Stock Up 6.9 %

Shares of LGL stock opened at $6.23 on Wednesday. The LGL Group has a 12-month low of $4.86 and a 12-month high of $7.01. The stock’s 50-day moving average price is $6.60 and its 200-day moving average price is $6.18.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group comprises about 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). 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.