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

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

The LGL Group Stock Up 9.3 %

The LGL Group stock opened at $7.28 on Thursday. The LGL Group has a 1-year low of $4.86 and a 1-year high of $7.28. The company has a fifty day simple moving average of $6.63 and a 200 day simple moving average of $6.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. grew its position in The LGL Group, Inc. (NYSE:LGL) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the period. The LGL Group comprises about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 27th largest holding. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 at the end of the most recent reporting period. 30.28% of the stock is currently owned by hedge funds and other institutional investors.

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.