Frequency Electronics, Inc. (NASDAQ:FEIM) Director Acquires $15,235.02 in Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek purchased 1,602 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average cost of $9.51 per share, with a total value of $15,235.02. Following the completion of the transaction, the director now directly owns 435,347 shares of the company’s stock, valued at approximately $4,140,149.97. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Frequency Electronics Trading Up 1.8 %

Shares of FEIM traded up $0.17 on Thursday, reaching $9.81. 2,634 shares of the company’s stock traded hands, compared to its average volume of 24,497. The stock’s 50 day simple moving average is $10.40 and its two-hundred day simple moving average is $9.74. Frequency Electronics, Inc. has a 52-week low of $6.22 and a 52-week high of $11.41. The stock has a market cap of $93.10 million, a PE ratio of 28.35 and a beta of 0.46.

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

Institutional Investors Weigh In On Frequency Electronics

Large investors have recently added to or reduced their stakes in the business. First United Bank & Trust bought a new stake in Frequency Electronics during the fourth quarter valued at $55,000. Villere ST Denis J & Co. LLC bought a new stake in Frequency Electronics during the third quarter valued at $69,000. Hillsdale Investment Management Inc. bought a new stake in Frequency Electronics during the fourth quarter valued at $170,000. Thompson Siegel & Walmsley LLC bought a new stake in Frequency Electronics during the fourth quarter valued at $199,000. Finally, Janney Montgomery Scott LLC boosted its stake 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. Institutional investors own 58.60% of the company’s stock.

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.