Short Interest in LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Grows By 103.9%

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) was the target of a significant growth in short interest in 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 currently 3.6 days. Currently, 0.4% of the company’s stock are short sold.

Analysts Set New Price Targets

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, LGL Group currently has a consensus rating of “Hold”.

Institutional Trading of LGL Group

A number of institutional investors have recently made changes to their positions in LGL. Renaissance Technologies LLC raised its stake in 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 acquiring an additional 5,773 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of LGL Group by 2.8% during the first quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock worth $4,662,000 after acquiring an additional 18,305 shares during the last quarter. Citadel Advisors LLC acquired a new position in LGL Group during the 3rd quarter valued at approximately $90,000. Finally, Osaic Holdings Inc. increased its position in shares of 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. Hedge funds and other institutional investors own 30.28% of the company’s stock.

LGL Group Stock Performance

Shares of LGL stock traded down $0.06 during trading on Monday, hitting $7.06. The company had a trading volume of 3,768 shares, compared to its average volume of 10,781. The firm has a market capitalization of $46.17 million, a P/E ratio of 706.71 and a beta of 0.31. LGL Group has a one year low of $5.45 and a one year high of $9.74. The stock’s 50-day moving average price is $7.07 and its 200 day moving average price is $6.68.

LGL Group (NYSEAMERICAN:LGL) last released its quarterly earnings data on Monday, March 30th. The industrial products company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.09). The business had revenue of $0.80 million during the quarter, compared to analyst estimates of $9.10 million. LGL Group had a net margin of 1.66% and a return on equity of 0.16%. On average, research analysts anticipate that LGL Group will post -0.06 earnings per share for the current fiscal year.

About LGL Group

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.