StockNews.com Begins Coverage on The LGL Group (NYSE:LGL)

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

The LGL Group Stock Up 2.6 %

Shares of NYSE LGL opened at $6.62 on Wednesday. The firm’s 50 day simple moving average is $6.07 and its 200-day simple moving average is $5.86. The LGL Group has a 12 month low of $4.86 and a 12 month high of $6.80.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. lifted its position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group accounts for approximately 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned approximately 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 institutional investors and hedge funds.

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.