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

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research note released on Saturday. The brokerage issued a hold rating on the stock.

The LGL Group Stock Performance

Shares of The LGL Group stock opened at $6.50 on Friday. The company has a fifty day simple moving average of $6.62 and a 200-day simple moving average of $6.27. The LGL Group has a 12-month low of $4.86 and a 12-month high of $7.28.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 539,700 shares of the company’s stock after buying an additional 8,098 shares during the period. The LGL Group comprises 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th biggest holding. Bard Associates Inc. owned approximately 10.04% of The LGL Group worth $3,222,000 as of its most recent SEC filing. 30.28% of the stock is owned by hedge funds and other 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.