Mario Gabelli Sells Shares of The LGL Group, Inc. $LGL
Key Points
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Mario Gabelli, insider at The LGL Group, Inc. ($LGL), sold 10,342 shares at an average price of $0.01, for a total transaction of $103.42. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
The LGL Group, Inc. Stock Down 8.0%
Shares of The LGL Group, Inc. ($LGL) traded around $6.90 on Wednesday, down 8.0% for the day.
The LGL Group, Inc. Earnings
Analysts Set New Price Targets
About The LGL Group, Inc.
The LGL Group, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; network time protocol (NTP) servers; and redundancy auto switches. It also provides time and frequency instrumentation, such as frequency standards, global positioning system/ global navigation system frequency, time standards, and time code generators; and ancillary products. Further, the company engages in the merchant investment activities. Its products are used in computer networking, satellite ground stations, electric utilities, metrology, broadcasting, metrology, and telecommunication systems. The company was formerly known as Lynch Corporation. The LGL Group, Inc. was founded in 1917 and is based in Orlando, Florida.
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