Today, a Director at LGL Group (NYSE: LGL), Marc Gabelli, bought shares of LGL for $1.49M.
Following this transaction Marc Gabelli’s holding in the company was increased by 461.07% to a total of $4.8 million. In addition to Marc Gabelli, one other LGL executive reported Buy trades in the last month.
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Based on LGL Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $5.95 million and quarterly net profit of $193K. In comparison, last year the company earned revenue of $5.86 million and had a net profit of $20K. LGL’s market cap is $27.44M and the company has a P/E ratio of 116.80. Currently, LGL Group has an average volume of 71.26K.
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LGL Group, Inc. is a holding company, which engages in the manufacture, design and marketing of engineered electronic components through its subsidiaries. It operates through the following segments: Electronic Components and Electronic Instruments.
