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

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

The LGL Group Stock Down 4.8 %

Shares of NYSE LGL opened at $5.11 on Friday. The LGL Group has a fifty-two week low of $4.20 and a fifty-two week high of $6.76. The firm’s 50-day simple moving average is $5.29 and its 200 day simple moving average is $5.79.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its stake in The LGL Group, Inc. (NYSE:LGL) by 41.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the quarter. Bard Associates Inc. owned approximately 7.81% of The LGL Group worth $2,565,000 at the end of the most recent quarter. 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.