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 report released on Thursday morning. The brokerage issued a hold rating on the stock.

The LGL Group Stock Performance

LGL opened at $6.66 on Thursday. The LGL Group has a twelve month low of $4.86 and a twelve month high of $7.01. The company has a 50-day moving average price of $6.62 and a 200 day moving average price of $6.21.

Institutional Trading of 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 1.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 539,700 shares of the company’s stock after purchasing an additional 8,098 shares during the period. The LGL Group accounts for approximately 1.1% of Bard Associates Inc.’s portfolio, making the stock its 27th biggest holding. Bard Associates Inc. owned approximately 10.04% of The LGL Group worth $3,222,000 at the end of the most recent quarter. 30.28% of the stock is currently owned by 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.