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Gabelli-led investors hold 20.92% of LGL Group (NYSE: LGL) after rights

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Mario Gabelli and affiliated entities updated their beneficial ownership in LGL Group Inc. following completion of the company’s July 16, 2026 rights offering. The reporting group now beneficially owns 2,634,758 shares of common stock, representing 20.92% of 12,592,466 shares outstanding.

Key holders include GGCP with 1,144,648 shares (9.09%), Mario Gabelli with 1,292,596 shares (10.26%), Gabelli Foundation with 160,304 shares (1.27%), and GAMCO Asset Management with 37,210 shares (0.29%). On July 16, 2026 these entities purchased additional shares at $6.9000 per share under the subscription rights offering, using an aggregate of approximately $10,416,772 of client, working-capital and personal funds since the prior ownership report.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment clarifies that the reporting group retains voting and sale authority over its respective holdings, subject to stated exceptions.

The amendment places the disclosed holdings in a post-offering state: each reporting person reports sole power to vote and dispose of the shares reported for it, subject to stated fund-level and indirect-control exceptions.

The form reference describes Schedule 13D as an ownership filing used when a holder may seek to influence control; this filing says the group uses the long form because its members may regularly communicate with the issuer's management.

For the July 16, 2026 purchases, the filing assigns $6.9000-per-share acquisitions of 80,152 shares to the Foundation, 18,305 to GAMCO, 572,324 to GGCP, and 621,928 to Mario Gabelli.

Aggregate beneficial ownership 2,634,758 shares LGL Group Inc. common shares beneficially owned by the reporting group
Ownership percentage 20.92% Portion of 12,592,466 LGL shares outstanding held by the reporting group
Shares outstanding 12,592,466 shares LGL Group Inc. common shares outstanding after the July 16, 2026 rights offering
Mario Gabelli holdings 1,292,596 shares LGL shares beneficially owned by Mario Gabelli, equal to 10.26% of the class
GGCP, Inc. holdings 1,144,648 shares LGL shares beneficially owned by GGCP, Inc., equal to 9.09% of the class
Aggregate purchase funds $10,416,772 Approximate total consideration used to purchase additional LGL shares since the prior report
Subscription purchase price $6.9000 per share Price paid for LGL shares in the July 16, 2026 subscription rights offering transactions
Schedule 13D regulatory
"The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially own financial
"The Reporting Persons beneficially own those Securities as follows: GAMCO 37,210 shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
rights offering financial
"following the completion of their rights offering on July 16, 2026"
A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.
subscription rights offering financial
"transactions on 7/16/2026 are a result of the issuer's subscription rights offering"
A subscription rights offering is a company giving its existing shareholders the chance to buy additional new shares at a specified price before the shares are offered to the public. It matters to investors because exercising the rights lets them maintain their ownership percentage and potentially buy stock at a discount, while declining can lead to ownership dilution and changes in the share price as the company raises new capital.
dispositive power regulatory
"sole dispositive power with respect to the shares of the Issuer held by the Funds"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
investment adviser regulatory
"GAMCO is an investment adviser registered under the Investment Advisers Act of 1940"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What percentage of LGL (symbol LGL) does the Gabelli group now beneficially own?

The reporting group beneficially owns 20.92% of LGL’s common stock, equal to 2,634,758 shares. This percentage is based on 12,592,466 LGL shares outstanding after completion of the company’s July 16, 2026 rights offering.

How many LGL (LGL) shares does Mario Gabelli personally report owning?

Mario Gabelli reports beneficial ownership of 1,292,596 LGL shares, representing 10.26% of the company’s common stock. These shares form part of the wider reporting group’s aggregate 2,634,758-share position disclosed in the Schedule 13D amendment.

What LGL (LGL) share purchases did Gabelli-affiliated entities make on July 16, 2026?

On July 16, 2026, Gabelli-affiliated entities bought LGL shares at $6.9000 per share via a subscription rights offering. Purchases included 80,152 shares by Gabelli Foundation, 18,305 by GAMCO, 572,324 by GGCP, and 621,928 by Mario Gabelli.

How much capital did the Gabelli reporting persons commit to additional LGL (LGL) shares?

The reporting persons used approximately $10,416,772 to buy additional LGL shares since the prior report. This includes about $149,716 by GAMCO, $627,208 by Gabelli Foundation, $4,541,078 by GGCP, and $5,098,770 of Mario Gabelli’s private funds.

How many LGL (LGL) shares does GGCP, Inc. report beneficially owning?

GGCP, Inc. reports beneficial ownership of 1,144,648 LGL shares, equal to 9.09% of the common stock. GGCP’s holdings form a substantial portion of the reporting group’s total 2,634,758-share stake disclosed in the amended Schedule 13D.





50186A108

(CUSIP Number)
DAVID GOLDMAN
191 MASON STREET,
GREENWICH, CT, 06830
914-921-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/16/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:07/20/2026
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:07/20/2026
GABELLI FOUNDATION, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:07/20/2026
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:07/20/2026
Associated Capital Group, Inc.
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:07/20/2026
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:07/20/2026