The LGL Group (NYSE:LGL) Shares Up 1.3% – Still a Buy?

The LGL Group, Inc. (NYSE:LGL) rose 1.3% during trading on Friday . The stock traded as high as $7.26 and last traded at $7.25. Approximately 5,337 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 20,335 shares. The stock had previously closed at $7.16.

The LGL Group Stock Performance

The company’s 50-day moving average price is $6.29 and its 200 day moving average price is $6.40. The stock has a market capitalization of $40.10 million, a PE ratio of 42.65 and a beta of 0.33.

Insider Buying and Selling

In other news, major shareholder Mario J. Gabelli acquired 95,387 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were acquired at an average cost of $4.75 per share, with a total value of $453,088.25. Following the transaction, the insider owned 572,324 shares in the company, valued at $2,718,539. The trade was a 20.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 18.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Osaic Holdings Inc. raised its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 15.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,250 shares of the company’s stock after purchasing an additional 2,710 shares during the period. Osaic Holdings Inc. owned 0.38% of The LGL Group worth $154,000 as of its most recent SEC filing. Institutional investors own 30.28% of the company’s stock.

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.