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

Analysts at StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

The LGL Group Trading Down 3.2 %

Shares of NYSE LGL opened at $6.67 on Friday. The firm’s fifty day moving average is $6.41 and its two-hundred day moving average is $6.07. The LGL Group has a 52-week low of $4.86 and a 52-week high of $7.00.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its holdings in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the period. The LGL Group comprises 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th largest holding. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 30.28% of the stock is owned by institutional investors and hedge funds.

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.