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

Equities research analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Trading Down 3.3 %

Shares of The LGL Group stock opened at $5.85 on Tuesday. The business’s 50 day moving average price is $5.69 and its 200 day moving average price is $5.62. The LGL Group has a one year low of $4.20 and a one year high of $6.76.

The LGL Group (NYSE:LGL) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter. The LGL Group had a net margin of 14.07% and a return on equity of 1.05%. The firm had revenue of $0.53 million for the quarter.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its position in The LGL Group, Inc. (NYSE:LGL) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the quarter. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 as of its most recent SEC filing. 30.28% of the stock is currently owned by institutional investors and hedge funds.

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.