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

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a report published on Sunday morning. The firm issued a hold rating on the stock.

The LGL Group Trading Down 3.4 %

Shares of The LGL Group stock opened at $6.30 on Friday. The business’s 50 day moving average price is $6.59 and its 200 day moving average price is $6.29. The LGL Group has a one year low of $4.86 and a one year high of $7.28.

Institutional Investors 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 The LGL Group, Inc. (NYSE:LGL) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 539,700 shares of the company’s stock after purchasing an additional 8,098 shares during the quarter. The LGL Group comprises 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 27th biggest position. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 at the end of the most recent quarter. 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.