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

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the stock.

The LGL Group Stock Performance

Shares of NYSE:LGL opened at $6.12 on Wednesday. The stock’s fifty day simple moving average is $6.59 and its two-hundred day simple moving average is $6.39. The LGL Group has a 1-year low of $4.86 and a 1-year high of $7.28.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its holdings in The LGL Group, Inc. (NYSE:LGL) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 539,700 shares of the company’s stock after buying an additional 8,098 shares during the period. The LGL Group makes up approximately 1.1% of Bard Associates Inc.’s portfolio, 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 quarter. Institutional investors and hedge funds 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.