LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Short Interest Update

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 22,658 shares, a growth of 51.9% from the August 31st total of 14,915 shares. Based on an average daily trading volume, of 21,616 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the company’s shares are short sold.

LGL Group Trading Up 3.9%

LGL traded up $0.27 during midday trading on Friday, hitting $7.13. 105 shares of the company were exchanged, compared to its average volume of 14,260. The firm has a market capitalization of $89.90 million, a price-to-earnings ratio of -178.22 and a beta of 0.45. The company’s 50 day simple moving average is $7.17 and its 200 day simple moving average is $7.06. LGL Group has a 1-year low of $5.45 and a 1-year high of $7.88.

LGL Group (NYSEAMERICAN:LGL) last issued its quarterly earnings results on Friday, August 14th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). LGL Group had a negative return on equity of 0.51% and a negative net margin of 5.04%.The business had revenue of $0.75 million for the quarter, compared to analysts’ expectations of $0.80 million. On average, equities analysts anticipate that LGL Group will post -0.04 EPS for the current year.

Hedge Funds Weigh In On LGL Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL boosted its holdings in LGL Group by 2.8% in the first quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock worth $4,662,000 after acquiring an additional 18,305 shares in the last quarter. Bard Associates Inc. acquired a new position in LGL Group during the second quarter worth about $3,378,000. Renaissance Technologies LLC raised its position in LGL Group by 3.6% during the first quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after buying an additional 5,773 shares during the period. Cable Car Capital LP acquired a new stake in shares of LGL Group in the second quarter worth $346,000. Finally, BlackRock Inc. bought a new stake in shares of LGL Group in the 2nd quarter worth approximately $93,000. Institutional investors own 30.28% of the company’s stock.

About LGL Group

The LGL Group, Inc is a diversified industrial company whose principal operating activities have historically focused on electronic components and frequency-control products. Through its MtronPTI business, the company designs and manufactures products used to generate, control, filter and distribute precise timing and frequency signals.

Its product offerings include crystal oscillators, temperature-compensated and oven-controlled oscillators, voltage-controlled oscillators, crystal resonators, filters and related radio-frequency and microwave components.