The LGL Group (NYSE:LGL) Shares Up 1.3% – Time to Buy?

The LGL Group, Inc. (NYSE:LGL)’s share price was up 1.3% on Friday . The stock traded as high as $7.26 and last traded at $7.25. Approximately 5,337 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 20,335 shares. The stock had previously closed at $7.16.

The LGL Group Price Performance

The stock has a 50 day simple moving average of $6.29 and a 200-day simple moving average of $6.40. The firm has a market cap of $40.10 million, a PE ratio of 42.65 and a beta of 0.33.

Insider Activity

In other news, major shareholder Mario J. Gabelli purchased 95,387 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were bought at an average price of $4.75 per share, for a total transaction of $453,088.25. Following the purchase, the insider directly owned 572,324 shares in the company, valued at approximately $2,718,539. This trade represents a 20.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 18.90% of the stock is currently owned by corporate insiders.

Institutional Trading of The LGL Group

A hedge fund recently bought a new stake in The LGL Group stock. Citadel Advisors LLC bought a new position in The LGL Group, Inc. (NYSE:LGL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,515 shares of the company’s stock, valued at approximately $90,000. Citadel Advisors LLC owned approximately 0.25% of The LGL Group as of its most recent filing with the Securities and Exchange Commission (SEC). 30.28% of the stock is owned by institutional investors.

About The LGL Group

The LGL Group, Incorporated is a diversified holding company that delivers specialized engineering and materials solutions primarily for defense, aerospace and industrial markets. Through its subsidiaries, the company provides design, integration and life-cycle support for communications, navigation and electronic warfare systems. Leveraging a team of experienced engineers and technicians, LGL offers turnkey capabilities that span from prototype development and system installation to ongoing maintenance and field upgrades.

One of the company’s core businesses focuses on defense electronics, where it supports U.S.