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

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research report report published on Thursday morning. The firm issued a hold rating on the stock.

The LGL Group Price Performance

Shares of NYSE:LGL opened at $5.20 on Thursday. The stock’s 50-day moving average price is $5.37 and its two-hundred day moving average price is $5.78. The LGL Group has a 12-month low of $4.20 and a 12-month high of $6.76.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its stake in The LGL Group, Inc. (NYSE:LGL) by 41.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the period. Bard Associates Inc. owned approximately 7.81% of The LGL Group worth $2,565,000 at the end of the most recent reporting period. 30.28% of the stock is currently owned by institutional investors and hedge funds.

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.