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

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

Analyst Upgrades and Downgrades

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

LGL Group Stock Down 1.6%

LGL Group stock traded down $0.12 during mid-day trading on Friday, hitting $7.43. The company had a trading volume of 6,750 shares, compared to its average volume of 7,763. The stock has a market cap of $48.59 million, a price-to-earnings ratio of 743.74 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 business has a fifty day moving average of $6.96 and a 200 day moving average of $7.06.

LGL Group (NYSEAMERICAN:LGL) last issued 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). The company had revenue of $0.75 million for the quarter, compared to analysts’ expectations of $0.80 million. LGL Group had a return on equity of 0.16% and a net margin of 1.66%. Equities analysts anticipate that LGL Group will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On LGL Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in LGL Group in the third quarter valued at $90,000. BlackRock Inc. acquired a new stake in shares of LGL Group during the second quarter worth about $93,000. Osaic Holdings Inc. increased its position in shares of LGL Group by 15.5% during the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 2,710 shares in the last quarter. Cable Car Capital LP acquired a new stake in shares of LGL Group during the second quarter worth about $346,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of LGL Group by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after purchasing an additional 5,773 shares during the last quarter. 30.28% of the stock is currently owned by institutional investors and hedge funds.

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.