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

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

The LGL Group Stock Down 3.2%

LGL stock opened at $6.67 on Thursday. The business has a 50-day moving average of $6.63 and a 200-day moving average of $6.42. The LGL Group has a fifty-two week low of $4.91 and a fifty-two week high of $7.28.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. 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 comprises approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th largest holding. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.