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

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research note released on Friday. The firm issued a hold rating on the stock.

The LGL Group Trading Down 0.4 %

NYSE LGL opened at $6.75 on Friday. The stock has a 50 day simple moving average of $6.63 and a two-hundred day simple moving average of $6.24. The LGL Group has a fifty-two week low of $4.86 and a fifty-two week high of $7.28.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its position in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the quarter. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s holdings, making the stock its 27th largest position. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 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.