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

Stock analysts at StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Performance

Shares of NYSE LGL opened at $6.85 on Tuesday. The firm’s 50-day moving average price is $6.56 and its 200-day moving average price is $6.35. The LGL Group has a 12-month low of $4.86 and a 12-month 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. grew its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the 4th quarter, according to 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 quarter. The LGL Group accounts for approximately 1.1% of Bard Associates Inc.’s holdings, 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. Hedge funds and other institutional investors own 30.28% of the company’s stock.

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.