LGL Group (LGL) Issues Earnings Results

LGL Group (NYSEAMERICAN:LGL) released its earnings results on Wednesday. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $6.43 million during the quarter.

Shares of LGL stock traded down $0.43 during trading hours on Thursday, hitting $6.74. 3,845 shares of the company were exchanged, compared to its average volume of 10,027. LGL Group has a 1 year low of $5.10 and a 1 year high of $8.00.

Separately, TheStreet upgraded shares of LGL Group from a “c+” rating to a “b-” rating in a report on Thursday, January 31st.

In other news, major shareholder Mario J. Gabelli sold 42,000 shares of the stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $5.95, for a total transaction of $249,900.00. Following the transaction, the insider now directly owns 479,471 shares in the company, valued at approximately $2,852,852.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

A hedge fund recently bought a new stake in LGL Group stock. S. Muoio & CO. LLC bought a new position in shares of LGL Group Inc (NYSEAMERICAN:LGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,674 shares of the industrial products company’s stock, valued at approximately $279,000. S. Muoio & CO. LLC owned approximately 0.95% of LGL Group as of its most recent filing with the Securities and Exchange Commission.

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LGL Group Company Profile

The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of standard and custom-engineered electronic components in the United States and internationally. The company operates in two segments, Electronic Components and Electronic Instruments. The Electronic Components segment offers packaged quartz crystals, oscillator modules, electronic filters, and integrated modules that are used primarily to control the frequency or timing of signals in electronic circuits.

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Earnings History for LGL Group (NYSEAMERICAN:LGL)

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