Frequency Electronics, Inc. (NASDAQ:FEIM) Director Buys $24,710.84 in Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 1,582 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $15.62 per share, with a total value of $24,710.84. Following the transaction, the director now owns 461,619 shares in the company, valued at approximately $7,210,488.78. The trade was a 0.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Frequency Electronics Stock Performance

NASDAQ:FEIM opened at $15.83 on Thursday. The firm’s 50-day moving average is $16.40 and its 200-day moving average is $14.90. Frequency Electronics, Inc. has a 52-week low of $8.62 and a 52-week high of $20.33. The company has a market cap of $152.14 million, a price-to-earnings ratio of 19.31 and a beta of 0.41.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share (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%.

Wall Street Analyst Weigh In

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

Institutional Trading of Frequency Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEIM. Global Retirement Partners LLC bought a new stake in Frequency Electronics in the fourth quarter valued at about $27,000. IFP Advisors Inc bought a new stake in Frequency Electronics in the fourth quarter valued at about $85,000. JPMorgan Chase & Co. increased its stake in Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock valued at $114,000 after acquiring an additional 4,860 shares during the period. Barclays PLC bought a new stake in Frequency Electronics in the third quarter valued at about $153,000. Finally, XTX Topco Ltd bought a new stake in Frequency Electronics in the third quarter valued at about $189,000. Institutional investors 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.