LGL Group
About: LGL Group Inc is a holding company engaged in services, merchant investment and manufacturing business activities. The company has two reportable segments; Electronic Instruments and Merchant Investment. The Electronic Instruments segment, which generates key revenue, is focused on designing and manufacturing high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications including satellite communication, time transfer systems, network synchronization, electricity distribution, and metrology. The Merchant Investment segment comprises various investment vehicles in which the company invests its capital.
Employees: 7
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
10% more capital invested
Capital invested by funds: $9.31M [Q2] → $10.2M (+$923K) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
1.2% less ownership
Funds ownership: 32.29% [Q2] → 31.09% (-1.2%) [Q3]
5% less funds holding
Funds holding: 20 [Q2] → 19 (-1) [Q3]
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Research analyst outlook
We haven’t received any recent analyst ratings for LGL.
Financial journalist opinion
Neutral
Newsfile Corp
1 month ago
The LGL Group, Inc. Reports Third Quarter 2024 Results
Orlando, Florida--(Newsfile Corp. - November 13, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Total revenues increased $201,000 to $1,179,000 for the three months ended September 30, 2024 from $978,000 for the three months ended September 30, 2023 Income from continuing operations before income taxes and after non-controlling interests decreased $57,000 to $120,000 for the three months ended September 30, 2024 from $177,000 for the three months ended September 30, 2023 Net income per diluted share decreased $0.01 to $0.01 for the three months ended September 30, 2024 from $0.02 for the three months ended September 30, 2023 Fiscal Year to Date 2024 Total revenues increased $452,000 to $3,135,000 for the nine months ended September 30, 2024 from $2,683,000 for the nine months ended September 30, 2023 Income from continuing operations before income taxes and after non-controlling interests increased $95,000 to $390,000 for the nine months ended September 30, 2024 from $295,000 for the nine months ended September 30, 2023 Net income per diluted share increased $0.01 to $0.04 for the nine months ended September 30, 2024 from $0.03 for the nine months ended September 30, 2023 Cash and cash equivalents and marketable securities were $41,618,000 as of September 30, 2024 "Although our yields in U.S. Treasuries have seen a modest decline, the portfolio's overall performance has been resilient despite the Federal Reserve's September rate cut," said Tim Foufas, Co-Chief Executive Officer.
Neutral
Newsfile Corp
3 months ago
The LGL Group, Inc. to Present at Sidoti Virtual Conference on September 18, 2024
Orlando, Florida--(Newsfile Corp. - September 13, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced members of LGL Group management, including Tim Foufas, Co-Chief Executive Officer, will present and host one-one-one meetings with investors at the Sidoti September Virtual Investor Conference, taking place on Wednesday and Thursday, September 18 - 19, 2024, featuring a range of compelling presentations from various small-cap companies. The presentation will begin at 9:15 am Eastern Time (US and Canada) on September 18, 2024, and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_1OYuAYl2SLW34KUNRyVtuw#.
Neutral
Newsfile Corp
4 months ago
The LGL Group, Inc. Reports Second Quarter 2024 Results
Orlando, Florida--(Newsfile Corp. - August 13, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Total revenues increased $347,000 to $1,068,000 for the three months ended June 30, 2024 from $721,000 for the three months ended June 30, 2023 Income from continuing operations before income taxes and after non-controlling interests increased $345,000 to $213,000 for the three months ended June 30, 2024 from ($132,000) for the three months ended June 30, 2023 Net income per diluted share increased $0.04 to $0.02 for the three months ended June 30, 2024 from ($0.02) for the three months ended June 30, 2023 Fiscal Year to Date 2024 Total revenues increased $251,000 to $1,956,000 for the six months ended June 30, 2024 from $1,705,000 for the six months ended June 30, 2023 Income from continuing operations before income taxes and after non-controlling interests increased $152,000 to $270,000 for the six months ended June 30, 2024 from $118,000 for the six months ended June 30, 2023 Net income per diluted share increased $0.02 to $0.03 for the six months ended June 30, 2024 from $0.01 for the six months ended June 30, 2023 Cash and cash equivalents and marketable securities were $41,092,000 as of June 30, 2024 "With our sales and marketing initiatives starting to bear fruit, we are pleased with the improved performance within our Electronic Instruments segment.
Neutral
Newsfile Corp
7 months ago
The LGL Group, Inc. Reports First Quarter 2024 Results
Orlando, Florida--(Newsfile Corp. - May 15, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Total revenues decreased $96,000 to $888,000 for the three months ended March 31, 2024 from $984,000 for the three months ended March 31, 2023 Income from continuing operations before income taxes and after non-controlling interests decreased $193,000 to $57,000 for the three months ended March 31, 2024 from $250,000 for the three months ended March 31, 2023 Net income per diluted share decreased $0.03 to $0.00 for the three months ended March 31, 2024 from $0.03 for the three months ended March 31, 2023 Cash and cash equivalents and marketable securities were $40,890,000 as of March 31, 2024 Tim Foufas, Co-Chief Executive Officer, stated, "While our Electronics Instruments segment reported a decrease in revenue for the quarter compared to Q1 2023, we are pleased with the improvement in our order backlog and recent sales initiatives.
Neutral
Newsfile Corp
8 months ago
The LGL Group, Inc. Reports Fourth Quarter and Full Fiscal Year 2023 Results
Fourth Quarter 2023 Total revenues increased $417,000 to $995,000 for the three months ended December 31, 2023 from $578,000 for the three months ended December 31, 2022 Income (loss) from continuing operations before income taxes and after non-controlling interests increased $466,000 to $303,000 for the three months ended December 31, 2023 from ($163,000) for the three months ended December 31, 2022 Net income per diluted share remained flat at $0.02 for the three months ended December 31, 2023 and 2022 Fiscal Year 2023 Total revenues increased $6,357,000 to $3,678,000 for the fiscal year ended December 31, 2023 from ($2,679,000) for the fiscal year ended December 31, 2022 Income (loss) from continuing operations before income taxes and after non-controlling interests increased $7,004,000 to $598,000 for the fiscal year ended December 31, 2023 from ($6,406,000) for the fiscal year ended December 31, 2022 Net income (loss) per diluted share increased $0.61 to $0.05 for the fiscal year ended December 31, 2023 from ($0.56) for the fiscal year ended December 31, 2022 Orlando, Florida--(Newsfile Corp. - April 1, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the fourth quarter and full fiscal year ended December 31, 2023. "Fiscal year 2023 was the first year post-separation of M-tron Industries, Inc. (NYSE: MPTI) and we are pleased with the value we delivered our shareholders through the spin-off," said Marc Gabelli, Chairman and Co-Chief Executive Officer.
Neutral
Newsfile Corp
10 months ago
The LGL Group, Inc. Invites You to Join Us at The Microcap Conference
Orlando, Florida--(Newsfile Corp. - January 26, 2024) - The LGL Group, Inc. (NYSE: LGL), a holding company engaged in services, merchant investment and manufacturing business activities, will be participating in The Microcap Conference, which will take place January 30, 31, February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ. Tim Foufas, Co-CEO, will be presenting on January 31 & February 1, 2024.
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