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

Stock analysts at StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

The LGL Group Stock Down 0.9 %

Shares of NYSE:LGL opened at $5.27 on Monday. The stock’s 50-day moving average price is $5.79 and its 200-day moving average price is $5.72. The LGL Group has a 12-month low of $4.20 and a 12-month high of $6.76.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,786 shares of the company’s stock after purchasing 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 reporting period. Institutional investors own 30.28% of the company’s stock.

The LGL Group Company Profile

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.