Equities research analysts at StockNews.com began coverage on shares of The LGL Group (NYSE:LGL – Get Free Report) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.
The LGL Group Stock Down 0.6 %
LGL stock opened at $5.42 on Thursday. The LGL Group has a fifty-two week low of $4.15 and a fifty-two week high of $6.76. The firm’s 50-day simple moving average is $6.12 and its 200 day simple moving average is $5.57.
Hedge Funds Weigh In On The LGL Group
A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its stake in The LGL Group, Inc. (NYSE:LGL – Free Report) by 41.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 417,786 shares of the company’s stock after buying an additional 121,403 shares during the period. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 at the end of the most recent quarter. 30.28% of the stock is owned by hedge funds and other institutional investors.
About The LGL Group
The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company offers NTP Servers, broadband amplifiers, RF distribution, 1PPS distribution, and fiber optic distribution.
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