StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a research note published on Saturday morning. The firm issued a hold rating on the stock.
The LGL Group Stock Up 4.2 %
The LGL Group stock opened at $6.90 on Friday. The LGL Group has a 12 month low of $4.86 and a 12 month high of $6.99. The stock’s 50 day moving average is $6.34 and its 200-day moving average is $6.03.
Institutional Investors Weigh In On The LGL Group
An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. boosted its holdings in shares of The LGL Group, Inc. (NYSE:LGL – Free Report) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th biggest position. Bard Associates Inc. owned 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. 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.
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