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

Analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

The LGL Group Stock Performance

LGL opened at $5.95 on Friday. The LGL Group has a 52 week low of $4.86 and a 52 week high of $6.76. The business has a 50 day moving average of $5.98 and a 200-day moving average of $5.75.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group accounts for 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th largest position. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. Institutional investors 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.