LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Short Interest Down 64.1% in July

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 53,731 shares, a decline of 64.1% from the July 15th total of 149,543 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 4,789 shares, the short-interest ratio is presently 11.2 days.

Hedge Funds Weigh In On LGL Group

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

LGL Group Stock Down 1.6%

Shares of LGL traded down $0.12 during trading hours on Friday, reaching $7.43. The company’s stock had a trading volume of 6,750 shares, compared to its average volume of 7,763. The firm has a market cap of $48.59 million, a price-to-earnings ratio of -185.75 and a beta of 0.32. LGL Group has a 1-year low of $5.45 and a 1-year high of $7.57. The company has a 50 day moving average of $6.96 and a two-hundred day moving average of $7.06.

LGL Group (NYSEAMERICAN:LGL) last released its quarterly earnings data on Friday, August 14th. The industrial products company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). LGL Group had a net margin of 1.66% and a return on equity of 0.16%. The company had revenue of $0.75 million during the quarter, compared to analyst estimates of $0.80 million. As a group, analysts forecast that LGL Group will post -0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised LGL Group to a “hold” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.