LGL Group (NYSEAMERICAN:LGL) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research note issued on Thursday.

LGL stock opened at $7.42 on Thursday. LGL Group has a 1 year low of $4.78 and a 1 year high of $7.55.

LGL Group (NYSEAMERICAN:LGL) last posted its quarterly earnings results on Thursday, August 9th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $6.16 million during the quarter. LGL Group had a return on equity of 0.48% and a net margin of 0.32%.

In other LGL Group news, major shareholder Mario J. Gabelli acquired 18,100 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was bought at an average cost of $5.85 per share, for a total transaction of $105,885.00. Following the completion of the transaction, the insider now owns 521,471 shares of the company’s stock, valued at approximately $3,050,605.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A hedge fund recently raised its stake in LGL Group stock. Minerva Advisors LLC increased its holdings in LGL Group Inc (NYSEAMERICAN:LGL) by 44.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 72,960 shares of the industrial products company’s stock after acquiring an additional 22,329 shares during the period. Minerva Advisors LLC owned approximately 1.55% of LGL Group worth $407,000 at the end of the most recent quarter.

About LGL Group

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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