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

Equities research analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the stock.

The LGL Group Trading Up 0.4 %

NYSE:LGL opened at $5.37 on Friday. The LGL Group has a one year low of $4.20 and a one year high of $6.76. The firm’s 50 day simple moving average is $5.30 and its 200 day simple moving average is $5.79.

Institutional Inflows and Outflows

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

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.