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

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 23,373 shares, a growth of 103.9% from the April 30th total of 11,461 shares. Based on an average trading volume of 6,412 shares, the short-interest ratio is presently 3.6 days. Approximately 0.4% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of LGL Group to a “hold” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

LGL Group Stock Down 0.6%

Shares of LGL traded down $0.04 during trading hours on Tuesday, reaching $7.07. The stock had a trading volume of 9,819 shares, compared to its average volume of 11,888. LGL Group has a 52 week low of $5.45 and a 52 week high of $9.74. The firm has a 50-day moving average of $7.07 and a 200 day moving average of $6.69. The company has a market cap of $46.24 million, a P/E ratio of 707.71 and a beta of 0.31.

LGL Group (NYSEAMERICAN:LGL) last announced its earnings results on Monday, March 30th. The industrial products company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). LGL Group had a return on equity of 0.16% and a net margin of 1.66%.The company had revenue of $0.80 million during the quarter, compared to analyst estimates of $9.10 million. As a group, equities analysts expect that LGL Group will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On LGL Group

Institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its holdings in LGL Group by 15.5% in the 2nd quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 2,710 shares during the period. Citadel Advisors LLC acquired a new stake in LGL Group in the third quarter valued at approximately $90,000. Gamco Investors INC. ET AL boosted its position 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 valued at $4,662,000 after buying an additional 18,305 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in LGL Group by 3.6% in 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 in the last quarter. 30.28% of the stock is owned by institutional investors.

LGL Group Company Profile

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.