The LGL Group (NYSE:LGL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research report released on Thursday. The firm issued a hold rating on the stock.

The LGL Group Trading Up 9.3 %

LGL opened at $7.28 on Thursday. The firm’s fifty day moving average is $6.63 and its two-hundred day moving average is $6.22. The LGL Group has a twelve month low of $4.86 and a twelve month high of $7.28.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. lifted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the period. The LGL Group makes up about 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th largest holding. Bard Associates Inc. owned about 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.