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

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

The LGL Group Stock Performance

Shares of LGL opened at $6.09 on Wednesday. The business’s fifty day moving average price is $5.98 and its 200 day moving average price is $5.62. The LGL Group has a 12-month low of $4.74 and a 12-month high of $6.76.

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 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. 30.28% of the stock is owned by institutional investors.

The LGL Group Company Profile

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.