Apis Capital Advisors LLC Purchases New Stake in Frequency Electronics, Inc. $FEIM

Apis Capital Advisors LLC acquired a new position in Frequency Electronics, Inc. (NASDAQ:FEIM) during the 1st quarter, HoldingsChannel reports. The fund acquired 20,000 shares of the communications equipment provider’s stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. G2 Investment Partners Management LLC bought a new stake in shares of Frequency Electronics in the 4th quarter worth approximately $1,927,000. Nokomis Capital L.L.C. purchased a new stake in Frequency Electronics in the fourth quarter worth $1,778,000. Susquehanna International Group LLP raised its stake in shares of Frequency Electronics by 204.8% in the fourth quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider’s stock valued at $1,547,000 after buying an additional 56,134 shares during the period. Two Sigma Investments LP grew its stake in shares of Frequency Electronics by 109.4% during the 4th quarter. Two Sigma Investments LP now owns 71,644 shares of the communications equipment provider’s stock worth $1,327,000 after acquiring an additional 37,438 shares during the period. Finally, Two Sigma Advisers LP bought a new position in shares of Frequency Electronics during the 4th quarter worth $1,057,000. 58.60% of the stock is owned by institutional investors.

Frequency Electronics Trading Down 1.7%

FEIM stock opened at $32.25 on Friday. The firm has a 50 day moving average of $25.80 and a 200-day moving average of $20.22. The firm has a market capitalization of $313.73 million, a P/E ratio of 13.06 and a beta of 0.45. Frequency Electronics, Inc. has a 12 month low of $11.71 and a 12 month high of $33.72.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings results on Thursday, July 10th. The communications equipment provider reported $0.34 EPS for the quarter. The firm had revenue of $19.99 million during the quarter. Frequency Electronics had a net margin of 34.09% and a return on equity of 53.83%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Frequency Electronics from a “buy” rating to a “hold” rating in a research note on Friday, July 18th.

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.