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

Research analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSEAMERICAN:LGL – Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

The LGL Group Trading Up 0.9 %

Shares of NYSEAMERICAN LGL opened at $4.71 on Wednesday. The LGL Group has a twelve month low of $3.88 and a twelve month high of $15.15. The stock has a 50 day moving average of $4.69 and a two-hundred day moving average of $4.50. The stock has a market cap of $25.21 million, a P/E ratio of -1.24, a P/E/G ratio of 1.42 and a beta of 0.60.

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The LGL Group (NYSEAMERICAN:LGL – Get Free Report) last released its quarterly earnings results on Friday, June 16th. The industrial products company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The LGL Group had a negative return on equity of 30.65% and a negative net margin of 64.20%. The company had revenue of $0.44 million for the quarter, compared to analysts’ expectations of $0.60 million. As a group, research analysts predict that The LGL Group will post 0.12 earnings per share for the current year.

Institutional Trading of The LGL Group

Several large investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of The LGL Group in the fourth quarter valued at $219,000. Bard Associates Inc. increased its position in shares of The LGL Group by 17.4% in the fourth quarter. Bard Associates Inc. now owns 273,598 shares of the industrial products company’s stock valued at $1,108,000 after buying an additional 40,525 shares in the last quarter. Vanguard Group Inc. increased its position in shares of The LGL Group by 21.4% in the third quarter. Vanguard Group Inc. now owns 93,887 shares of the industrial products company’s stock valued at $1,063,000 after buying an additional 16,570 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of The LGL Group by 60.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 13,269 shares of the industrial products company’s stock valued at $54,000 after buying an additional 5,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of The LGL Group by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,906 shares of the industrial products company’s stock valued at $412,000 after buying an additional 2,936 shares in the last quarter. Institutional investors and hedge funds own 21.55% of the company’s stock.

The LGL Group Company Profile

(Get Free Report)

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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