Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek Acquires 2,161 Shares

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 2,161 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $15.77 per share, with a total value of $34,078.97. Following the completion of the acquisition, the director now owns 464,080 shares of the company’s stock, valued at $7,318,541.60. This trade represents a 0.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Frequency Electronics Trading Down 1.4 %

Shares of Frequency Electronics stock opened at $15.53 on Friday. The stock has a market capitalization of $150.28 million, a P/E ratio of 18.94 and a beta of 0.41. The business’s fifty day moving average price is $16.29 and its 200 day moving average price is $15.00. Frequency Electronics, Inc. has a twelve month low of $8.62 and a twelve month high of $20.33.

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

Institutional Trading of Frequency Electronics

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in Frequency Electronics in the fourth quarter valued at about $27,000. IFP Advisors Inc acquired a new stake in shares of Frequency Electronics in the fourth quarter valued at about $85,000. JPMorgan Chase & Co. raised its holdings in shares of Frequency Electronics by 373.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock valued at $114,000 after buying an additional 4,860 shares during the period. Barclays PLC acquired a new position in Frequency Electronics during the 3rd quarter worth approximately $153,000. Finally, XTX Topco Ltd purchased a new position in Frequency Electronics in the 3rd quarter worth approximately $189,000. 58.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Frequency Electronics from a “strong-buy” rating to a “buy” rating in a report 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.