Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek Buys 1,582 Shares

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 1,582 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $15.62 per share, with a total value of $24,710.84. Following the purchase, the director now directly owns 461,619 shares in the company, valued at approximately $7,210,488.78. This trade represents a 0.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Frequency Electronics Trading Up 2.9 %

FEIM stock opened at $15.83 on Thursday. Frequency Electronics, Inc. has a 1 year low of $8.62 and a 1 year high of $20.33. The company has a fifty day simple moving average of $16.40 and a 200 day simple moving average of $14.90. The firm has a market cap of $152.14 million, a PE ratio of 19.31 and a beta of 0.41.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Frequency Electronics

Several institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Advisers LP acquired a new stake in shares of Frequency Electronics in the 4th quarter valued at $1,057,000. Two Sigma Investments LP lifted its position in 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 last quarter. Nokomis Capital L.L.C. acquired a new position in Frequency Electronics during the 4th quarter worth $1,778,000. Millennium Management LLC lifted its position in Frequency Electronics by 37.7% during the 4th quarter. Millennium Management LLC now owns 29,622 shares of the communications equipment provider’s stock worth $549,000 after acquiring an additional 8,116 shares during the last quarter. Finally, G2 Investment Partners Management LLC acquired a new position in Frequency Electronics during the 4th quarter worth $1,927,000. Institutional investors and hedge funds 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.