Key Points
- Mario Gabelli purchased 95,387 shares of The LGL Group at an average price of $4.75 (total ~$453,088), boosting his stake to 572,324 shares — a 20% increase — per the SEC filing.
- The LGL Group stock recently opened at $5.75, trades with a 50-day/200-day moving average of $5.94/$6.55, has a 52-week range of $5.45–$9.74, a market cap of ~$31.8 million and a P/E of 33.82.
- Citadel Advisors bought a new position of 13,515 shares (≈$90,000) in Q3, and institutional investors now own about 30.28% of the company.
The LGL Group, Inc. (NYSE:LGL - Get Free Report) major shareholder Mario Gabelli purchased 95,387 shares of The LGL Group stock in a transaction on Tuesday, December 30th. The shares were acquired at an average cost of $4.75 per share, for a total transaction of $453,088.25. Following the purchase, the insider owned 572,324 shares in the company, valued at approximately $2,718,539. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
The LGL Group Trading Up 0.7%
The LGL Group stock opened at $5.75 on Thursday. The stock has a fifty day moving average price of $5.94 and a 200 day moving average price of $6.55. The LGL Group, Inc. has a 52 week low of $5.45 and a 52 week high of $9.74. The firm has a market capitalization of $31.80 million, a P/E ratio of 33.82 and a beta of 0.42.
Institutional Investors Weigh In On The LGL Group
An institutional investor recently bought a new position in The LGL Group stock. Citadel Advisors LLC bought a new stake in The LGL Group, Inc. (NYSE:LGL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,515 shares of the company's stock, valued at approximately $90,000. Citadel Advisors LLC owned 0.25% of The LGL Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 30.28% of the company's stock.
The LGL Group Company Profile
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Get Free Report)
The LGL Group, Incorporated is a diversified holding company that delivers specialized engineering and materials solutions primarily for defense, aerospace and industrial markets. Through its subsidiaries, the company provides design, integration and life-cycle support for communications, navigation and electronic warfare systems. Leveraging a team of experienced engineers and technicians, LGL offers turnkey capabilities that span from prototype development and system installation to ongoing maintenance and field upgrades.
One of the company's core businesses focuses on defense electronics, where it supports U.S.
Further Reading
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