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

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

The LGL Group Trading Up 1.2 %

NYSE LGL opened at $6.75 on Friday. The stock has a 50-day simple moving average of $6.42 and a two-hundred day simple moving average of $6.08. The LGL Group has a fifty-two week low of $4.86 and a fifty-two week high of $7.01.

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 stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 539,700 shares of the company’s stock after buying an additional 8,098 shares during the period. The LGL Group comprises about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 27th largest holding. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the SEC. 30.28% of the stock is currently owned by institutional investors.

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.