Russell M. Sarachek Acquires 1,582 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 1,582 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of $15.62 per share, with a total value of $24,710.84. Following the acquisition, the director now directly owns 461,619 shares in the company, valued at $7,210,488.78. The trade was a 0.34 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Frequency Electronics Trading Up 2.9 %

Shares of FEIM traded up $0.44 during mid-day trading on Wednesday, hitting $15.83. 45,236 shares of the company’s stock were exchanged, compared to its average volume of 60,530. The business’s 50 day moving average is $16.44 and its two-hundred day moving average is $14.89. Frequency Electronics, Inc. has a fifty-two week low of $8.62 and a fifty-two week high of $20.33. The firm has a market capitalization of $152.14 million, a P/E ratio of 19.31 and a beta of 0.41.

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

Institutional Trading of Frequency Electronics

A number of hedge funds have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. boosted its position in Frequency Electronics by 43.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after purchasing an additional 23,009 shares during the period. XTX Topco Ltd acquired a new position in shares of Frequency Electronics in the 3rd quarter worth approximately $189,000. Barclays PLC acquired a new stake in shares of Frequency Electronics during the third quarter worth $153,000. Geode Capital Management LLC lifted its holdings in Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after acquiring an additional 19,259 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Frequency Electronics during the 4th quarter worth $27,000. 58.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Frequency Electronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th.

About Frequency Electronics

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.