StockNews.com Initiates Coverage on The LGL Group (NYSE:LGL)

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

The LGL Group Price Performance

The LGL Group stock opened at $5.85 on Thursday. The LGL Group has a 52 week low of $4.77 and a 52 week high of $6.76. The company’s 50 day moving average price is $5.97 and its two-hundred day moving average price is $5.65.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 30.28% of the company’s stock.

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.