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

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

The LGL Group Stock Performance

LGL opened at $6.50 on Friday. The LGL Group has a 1-year low of $4.86 and a 1-year high of $7.28. The stock’s 50 day simple moving average is $6.62 and its 200 day simple moving average is $6.27.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the 4th 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 accounts for about 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th largest position. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.