The LGL Group (NYSE:LGL) Now Covered by StockNews.com

StockNews.com started 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 Performance

NYSE LGL opened at $5.85 on Thursday. The business has a fifty day moving average price of $5.97 and a two-hundred day moving average price of $5.65. The LGL Group has a fifty-two week low of $4.77 and a fifty-two week high of $6.76.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th largest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. Institutional investors 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.