Frequency Electronics, Inc. (NASDAQ:FEIM) Director Buys $34,078.97 in Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 2,161 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the acquisition, the director now owns 464,080 shares of the company’s stock, valued at approximately $7,318,541.60. This represents a 0.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Frequency Electronics Stock Down 1.4 %

Shares of NASDAQ:FEIM traded down $0.22 during trading on Friday, reaching $15.53. The stock had a trading volume of 42,714 shares, compared to its average volume of 60,768. The stock has a fifty day simple moving average of $16.32 and a two-hundred day simple moving average of $14.99. Frequency Electronics, Inc. has a 52 week low of $8.62 and a 52 week high of $20.33. The firm has a market capitalization of $150.28 million, a price-to-earnings ratio of 18.94 and a beta of 0.41.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%. The firm had revenue of $18.93 million for the quarter.

Hedge Funds Weigh In On Frequency Electronics

Institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in Frequency Electronics in the 4th quarter valued at approximately $27,000. IFP Advisors Inc acquired a new position in shares of Frequency Electronics during the fourth quarter worth approximately $85,000. JPMorgan Chase & Co. boosted its position in shares of Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock valued at $114,000 after acquiring an additional 4,860 shares during the period. Barclays PLC acquired a new stake in shares of Frequency Electronics in the third quarter worth $153,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Frequency Electronics in the fourth quarter worth $238,000. 58.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Frequency Electronics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Frequency Electronics Company Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.