LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Short Interest Update

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 73,603 shares, an increase of 214.9% from the May 14th total of 23,373 shares. Based on an average daily trading volume, of 18,493 shares, the days-to-cover ratio is currently 4.0 days. Currently, 1.4% of the company’s stock are short sold.

LGL Group Stock Up 0.4%

Shares of LGL Group stock opened at $6.94 on Friday. The company has a market cap of $45.39 million, a PE ratio of 694.69 and a beta of 0.31. The business has a 50 day moving average price of $7.05 and a 200-day moving average price of $6.73. LGL Group has a 52 week low of $5.45 and a 52 week high of $9.74.

LGL Group (NYSEAMERICAN:LGL) last issued its quarterly earnings results on Monday, March 30th. The industrial products company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). The business had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $9.10 million. LGL Group had a net margin of 1.66% and a return on equity of 0.16%. As a group, research analysts anticipate that LGL Group will post -0.06 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research raised LGL Group to a “hold” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Trading of LGL Group

A number of large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its position in LGL Group by 2.8% in the first quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock worth $4,662,000 after buying an additional 18,305 shares during the last quarter. Renaissance Technologies LLC boosted its stake in LGL Group by 3.6% during the first quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after buying an additional 5,773 shares during the period. Osaic Holdings Inc. lifted its stake in LGL Group by 15.5% during the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in LGL Group during the third quarter worth about $90,000. 30.28% of the stock is owned by hedge funds and other institutional investors.

LGL Group Company Profile

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.