The LGL Group (NYSE:LGL) Now Covered by StockNews.com

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

The LGL Group Stock Performance

Shares of LGL opened at $5.42 on Thursday. The LGL Group has a twelve month low of $4.15 and a twelve month high of $6.76. The company has a 50 day moving average of $6.12 and a two-hundred day moving average of $5.57.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 41.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 417,786 shares of the company’s stock after buying an additional 121,403 shares during the period. Bard Associates Inc. owned approximately 7.81% of The LGL Group worth $2,565,000 at the end of the most recent quarter. 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.