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

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

The LGL Group Stock Performance

Shares of NYSE:LGL opened at $6.77 on Tuesday. The firm has a fifty day moving average price of $6.58 and a 200 day moving average price of $6.16. 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

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 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group accounts for about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th largest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. Hedge funds and other 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.