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

The LGL Group Stock Performance

NYSE:LGL opened at $6.60 on Friday. The firm has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $5.98. The LGL Group has a twelve month low of $4.86 and a twelve month high of $6.99.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group makes up 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 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.