The LGL Group (NYSE:LGL) Shares Up 3.6% – Still a Buy?

The LGL Group, Inc. (NYSE:LGL)’s share price traded up 3.6% on Thursday . The company traded as high as $7.16 and last traded at $6.99. 134,998 shares were traded during trading, an increase of 307% from the average session volume of 33,135 shares. The stock had previously closed at $6.75.

The LGL Group Trading Up 3.6%

The company’s fifty day simple moving average is $5.95 and its 200 day simple moving average is $6.45. The stock has a market capitalization of $38.66 million, a P/E ratio of 41.12 and a beta of 0.36.

Insider Transactions at The LGL Group

In related news, major shareholder Mario J. Gabelli bought 95,387 shares of the company’s stock in a transaction on Tuesday, December 30th. The stock was acquired at an average cost of $4.75 per share, for a total transaction of $453,088.25. Following the completion of the transaction, the insider directly owned 572,324 shares in the company, valued at $2,718,539. This trade represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Osaic Holdings Inc. increased its stake in The LGL Group, Inc. (NYSE:LGL) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,250 shares of the company’s stock after acquiring an additional 2,710 shares during the period. Osaic Holdings Inc. owned about 0.38% of The LGL Group worth $154,000 as of its most recent SEC filing. 30.28% of the stock is currently owned by institutional investors and hedge funds.

The LGL Group Company Profile

The LGL Group, Incorporated is a diversified holding company that delivers specialized engineering and materials solutions primarily for defense, aerospace and industrial markets. Through its subsidiaries, the company provides design, integration and life-cycle support for communications, navigation and electronic warfare systems. Leveraging a team of experienced engineers and technicians, LGL offers turnkey capabilities that span from prototype development and system installation to ongoing maintenance and field upgrades.

One of the company’s core businesses focuses on defense electronics, where it supports U.S.