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 sent to investors on Sunday morning. The firm issued a hold rating on the stock.

The LGL Group Trading Up 4.4 %

NYSE LGL opened at $6.60 on Friday. The company’s fifty day moving average price is $6.57 and its two-hundred day moving average price is $6.30. The LGL Group has a 12 month low of $4.86 and a 12 month high of $7.28.

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 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539,700 shares of the company’s stock after buying an additional 8,098 shares during the period. The LGL Group accounts for approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th largest holding. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 at the end of the most recent reporting period. 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.