The LGL Group (NYSE:LGL) Trading Up 5.4% – What’s Next?

The LGL Group, Inc. (NYSE:LGL)’s stock price rose 5.4% during trading on Monday . The stock traded as high as $7.62 and last traded at $7.62. Approximately 37,171 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 11,220 shares. The stock had previously closed at $7.23.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on The LGL Group in a report on Thursday, May 15th. They set a “hold” rating on the stock.

The LGL Group Stock Performance

The firm’s 50-day moving average price is $6.79 and its two-hundred day moving average price is $6.60. The firm has a market capitalization of $41.06 million, a price-to-earnings ratio of 108.86 and a beta of 0.25.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the quarter. The LGL Group makes up about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 27th largest position. Bard Associates Inc. owned approximately 10.04% of The LGL Group worth $3,222,000 as of its most recent filing with the Securities & Exchange Commission. 30.28% of the stock is currently 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 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.