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

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a research report released on Tuesday. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

Shares of NYSE LGL opened at $6.28 on Tuesday. The LGL Group has a 12 month low of $4.65 and a 12 month high of $6.76. The business has a 50-day moving average of $5.96 and a 200-day moving average of $5.61.

The LGL Group (NYSE:LGL) last issued its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The LGL Group had a return on equity of 0.96% and a net margin of 11.96%. The business had revenue of $0.53 million during the quarter.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the period. The LGL Group makes up 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 30.28% of the stock is currently owned by institutional investors and hedge funds.

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.