LGL Group Inc (LGL) CEO Michael J. Ferrantino Sells 10,100 Shares

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LGL Group Inc (NYSEAMERICAN:LGL) CEO Michael J. Ferrantino sold 10,100 shares of LGL Group stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $9.12, for a total transaction of $92,112.00. Following the sale, the chief executive officer now owns 83,188 shares of the company’s stock, valued at approximately $758,674.56. The sale was disclosed in a document filed with the SEC, which is available through this link.

NYSEAMERICAN:LGL traded down $0.39 during trading hours on Monday, hitting $9.10. 30,500 shares of the company were exchanged, compared to its average volume of 13,764. LGL Group Inc has a 52-week low of $5.10 and a 52-week high of $9.65.

LGL Group (NYSEAMERICAN:LGL) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $6.63 million for the quarter.

Separately, TheStreet upgraded shares of LGL Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st.

An institutional investor recently raised its position in LGL Group stock. Renaissance Technologies LLC boosted its stake in shares of LGL Group Inc (NYSEAMERICAN:LGL) by 13.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,364 shares of the industrial products company’s stock after buying an additional 23,263 shares during the quarter. Renaissance Technologies LLC owned 4.11% of LGL Group worth $1,310,000 as of its most recent SEC filing.

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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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