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

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

The LGL Group Stock Performance

The LGL Group stock opened at $6.16 on Friday. The LGL Group has a 12 month low of $4.86 and a 12 month high of $6.76. The company’s fifty day simple moving average is $5.98 and its 200-day simple moving average is $5.71.

Institutional Investors Weigh In On The LGL Group

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 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 531,602 shares of the company’s stock after acquiring 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 largest holding. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. Institutional investors and hedge funds own 30.28% of the company’s stock.

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.