StockNews.com started coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the stock.
The LGL Group Stock Down 2.8 %
Shares of NYSE LGL opened at $5.67 on Friday. The business has a 50-day moving average of $6.06 and a 200-day moving average of $5.65. The LGL Group has a 1-year low of $4.20 and a 1-year high of $6.76.
Institutional Investors Weigh In On The LGL Group
A hedge fund recently raised its position in The LGL Group stock. Bard Associates Inc. grew its position in shares of The LGL Group, Inc. (NYSE:LGL – Free Report) by 41.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the quarter. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.
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