Bard Associates Inc. Buys 2,041 Shares of The LGL Group, Inc. (NYSE:LGL)

Bard Associates Inc. grew its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the quarter. The LGL Group accounts for 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest position. Bard Associates Inc. owned approximately 0.10% of The LGL Group worth $3,259,000 at the end of the most recent quarter.

The LGL Group Stock Up 2.7 %

LGL stock opened at $6.08 on Friday. The LGL Group, Inc. has a 52 week low of $4.50 and a 52 week high of $6.76. The business has a 50-day simple moving average of $5.95 and a 200 day simple moving average of $5.60.

The LGL Group (NYSE:LGL) last announced its earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter. The business had revenue of $0.53 million for the quarter. The LGL Group had a return on equity of 0.96% and a net margin of 11.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of The LGL Group in a research note on Tuesday. They issued a “hold” rating for the company.

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.