Bard Associates Updates LGL Group Stake as of Dec 31, 2023
Ticker: LGL · Form: SC 13G/A · Filed: Jan 4, 2024 · CIK: 61004
| Field | Detail |
|---|---|
| Company | Lgl Group Inc (LGL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Bard Associates updated their LGL Group holdings, signaling continued institutional interest.**
AI Summary
Bard Associates, Inc. filed an amended SC 13G/A on January 4, 2024, indicating their ownership of LGL Group Inc. common stock and warrants as of December 31, 2023. This filing, made under Rule 13d-1(b), updates their previous disclosure regarding their passive investment in LGL Group. This matters to investors because it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence.
Why It Matters
This filing shows that Bard Associates, Inc. continues to hold a significant, passive stake in LGL Group, which can signal confidence from institutional investors and potentially reduce stock volatility.
Risk Assessment
Risk Level: low — This is a routine update of a passive investment, indicating no immediate change in strategy or significant new risks.
Analyst Insight
Investors should note Bard Associates' continued passive stake in LGL Group, which suggests a stable institutional presence. While not a direct buy signal, it indicates ongoing interest from a professional money manager.
Key Players & Entities
- Bard Associates, Inc. (company) — the reporting person filing the SC 13G/A
- LGL Group Inc. (company) — the subject company whose securities are being reported
- 36-3452497 (number) — IRS Identification Number for Bard Associates, Inc.
- 50186A108 (number) — CUSIP Number for LGL Group Inc. Common Stock, Warrants
- December 31, 2023 (date) — the date of the event requiring the filing
FAQ
Who filed this SC 13G/A amendment?
Bard Associates, Inc. filed this SC 13G/A amendment, as indicated by the 'Names of Reporting Persons' section of the filing.
What is the subject company of this filing?
The subject company is LGL Group Inc., as stated under 'Name of Issuer' and 'COMPANY CONFORMED NAME' in the filing.
What type of securities are covered by this filing?
The filing covers 'Common Stock, Warrants' of LGL Group Inc., as specified under 'Title of Class of Securities'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'x' next to '[ x ] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 4, 2024 regarding LGL GROUP INC (LGL).