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 firm issued a hold rating on the stock.

The LGL Group Stock Performance

Shares of The LGL Group stock opened at $5.56 on Thursday. The company’s 50 day moving average price is $5.36 and its two-hundred day moving average price is $5.70. The LGL Group has a fifty-two week low of $4.20 and a fifty-two week high of $6.76.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 41.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 417,786 shares of the company’s stock after acquiring an additional 121,403 shares during the period. Bard Associates Inc. owned about 7.81% of The LGL Group worth $2,565,000 as of its most recent SEC filing. 30.28% of the stock is 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.