Russell M. Sarachek Acquires 1,602 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek acquired 1,602 shares of the stock in a transaction on Friday, April 19th. The shares were acquired at an average price of $9.51 per share, for a total transaction of $15,235.02. Following the acquisition, the director now owns 435,347 shares of the company’s stock, valued at approximately $4,140,149.97. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Frequency Electronics Price Performance

NASDAQ FEIM opened at $9.72 on Friday. Frequency Electronics, Inc. has a 1 year low of $6.22 and a 1 year high of $11.41. The firm has a market cap of $92.24 million, a price-to-earnings ratio of 28.59 and a beta of 0.46. The company has a fifty day moving average price of $10.35 and a 200-day moving average price of $9.76.

Frequency Electronics (NASDAQ:FEIM) last posted its earnings results on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter. Frequency Electronics had a net margin of 6.10% and a return on equity of 9.12%. The firm had revenue of $13.71 million during the quarter.

Institutional Trading of Frequency Electronics

Institutional investors have recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC bought a new position in Frequency Electronics during the fourth quarter valued at about $199,000. Hillsdale Investment Management Inc. bought a new position in Frequency Electronics during the fourth quarter valued at about $170,000. Janney Montgomery Scott LLC grew its position in Frequency Electronics by 51.8% during the third quarter. Janney Montgomery Scott LLC now owns 40,150 shares of the communications equipment provider’s stock valued at $279,000 after buying an additional 13,700 shares during the period. Villere ST Denis J & Co. LLC bought a new position in Frequency Electronics during the third quarter valued at about $69,000. Finally, First United Bank & Trust bought a new position in Frequency Electronics during the fourth quarter valued at about $55,000. Institutional investors own 58.60% of the company’s stock.

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.