The LGL Group (NYSEAMERICAN:LGL) Coverage Initiated at StockNews.com

Posted by on Jul 22nd, 2023

Stock analysts at StockNews.com assumed coverage on shares of The LGL Group (NYSEAMERICAN:LGL – Get Free Report) in a research report issued on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

The LGL Group Stock Performance

NYSEAMERICAN LGL opened at $4.67 on Thursday. The firm has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.50. The LGL Group has a one year low of $3.88 and a one year high of $15.15. The firm has a market cap of $25.00 million, a price-to-earnings ratio of -1.23, a PEG ratio of 1.42 and a beta of 0.60.

The LGL Group (NYSEAMERICAN:LGL – Get Free Report) last issued its quarterly earnings results on Friday, June 16th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $0.44 million during the quarter, compared to analysts’ expectations of $0.60 million. Equities analysts predict that The LGL Group will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On The LGL Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. lifted its position in 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 acquiring an additional 5,000 shares during the last quarter. International Assets Investment Management LLC acquired a new position in The LGL Group during the fourth quarter worth about $219,000. Dimensional Fund Advisors LP grew its position in The LGL Group by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 101,906 shares of the industrial products company’s stock worth $412,000 after buying an additional 2,936 shares during the period. Vanguard Group Inc. grew 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 purchasing an additional 16,570 shares during the last quarter. Finally, Bard Associates Inc. grew 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 purchasing an additional 40,525 shares during the last quarter. 21.55% of the stock is owned by hedge funds and other institutional investors.

About The LGL Group

(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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