The LGL Group (NYSE:LGL) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

The LGL Group Trading Up 0.2 %

Shares of LGL opened at $6.63 on Wednesday. The LGL Group has a fifty-two week low of $4.86 and a fifty-two week high of $6.80. The company’s fifty day moving average is $6.08 and its two-hundred day moving average is $5.87.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its holdings in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 531,602 shares of the company’s stock after acquiring 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. 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.