Russell M. Sarachek Purchases 2,161 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 2,161 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the transaction, the director now owns 464,080 shares of the company’s stock, valued at approximately $7,318,541.60. The trade was a 0.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Frequency Electronics Stock Performance

FEIM opened at $15.53 on Friday. The company has a market capitalization of $150.28 million, a P/E ratio of 18.94 and a beta of 0.41. The company has a 50-day moving average of $16.29 and a 200-day moving average of $15.00. Frequency Electronics, Inc. has a 1-year low of $8.62 and a 1-year high of $20.33.

Frequency Electronics (NASDAQ:FEIM) last announced 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 return on equity of 21.49% and a net margin of 13.02%. The firm had revenue of $18.93 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Frequency Electronics from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

Institutional Investors Weigh In On Frequency Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the company. G2 Investment Partners Management LLC bought a new stake in Frequency Electronics during the fourth quarter valued at $1,927,000. Marshall Wace LLP boosted its holdings in shares of Frequency Electronics by 108.7% in the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider’s stock valued at $1,884,000 after buying an additional 52,962 shares during the period. Nokomis Capital L.L.C. bought a new stake in shares of Frequency Electronics during the 4th quarter valued at about $1,778,000. Geode Capital Management LLC raised its stake in Frequency Electronics by 26.3% during 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 period. Finally, Susquehanna International Group LLP boosted its stake in 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 acquiring an additional 56,134 shares during the period. 58.60% of the stock is owned by institutional investors and hedge funds.

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.