LGL Group Inc (LGL) Shares Sold by Deutsche Bank AG
Deutsche Bank AG lessened its stake in LGL Group Inc (NYSEAMERICAN:LGL) by 32.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,000 shares of the industrial products company’s stock after selling 8,670 shares during the quarter. Deutsche Bank AG’s holdings in LGL Group were worth $109,000 at the end of the most recent reporting period.
Separately, S. Muoio & CO. LLC acquired a new position in shares of LGL Group in the fourth quarter valued at approximately $279,000.
In other news, CEO Michael J. Ferrantino sold 10,100 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $9.12, for a total value of $92,112.00. Following the completion of the transaction, the chief executive officer now owns 83,188 shares in the company, valued at $758,674.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
LGL Group (NYSEAMERICAN:LGL) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.12 earnings per share for the quarter. The company had revenue of $6.63 million during the quarter.
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LGL Group 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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