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

Research analysts at StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Down 3.2%

The LGL Group stock opened at $6.67 on Thursday. The LGL Group has a 1-year low of $4.91 and a 1-year high of $7.28. The firm’s fifty day moving average price is $6.63 and its two-hundred day moving average price is $6.42.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its position in The LGL Group, Inc. (NYSE:LGL) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the quarter. The LGL Group comprises about 1.1% of Bard Associates Inc.’s holdings, making the stock its 27th biggest holding. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 at the end of the most recent reporting period. 30.28% of the stock is owned by hedge funds and other 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.