Frequency Electronics, Inc. (NASDAQ:FEIM) major shareholder Edenbrook Capital, Llc bought 38,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were acquired at an average cost of $8.00 per share, with a total value of $304,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Edenbrook Capital, Llc also recently made the following trade(s):
- On Tuesday, September 5th, Edenbrook Capital, Llc bought 50,000 shares of Frequency Electronics stock. The shares were acquired at an average cost of $8.00 per share, with a total value of $400,000.00.
- On Friday, July 14th, Edenbrook Capital, Llc bought 77,296 shares of Frequency Electronics stock. The shares were acquired at an average cost of $8.50 per share, with a total value of $657,016.00.
Shares of Frequency Electronics, Inc. (NASDAQ FEIM) opened at 8.55 on Thursday. The stock’s market cap is $74.63 million. The company has a 50 day moving average of $8.24 and a 200-day moving average of $9.55. Frequency Electronics, Inc. has a one year low of $7.53 and a one year high of $11.50.
Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Wednesday, September 13th. The communications equipment provider reported $0.09 earnings per share for the quarter. Frequency Electronics had a negative net margin of 6.89% and a negative return on equity of 4.14%. The firm had revenue of $12.02 million during the quarter. On average, analysts anticipate that Frequency Electronics, Inc. will post $0.41 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Frequency Electronics by 50.2% in the 2nd quarter. Vanguard Group Inc. now owns 293,376 shares of the communications equipment provider’s stock valued at $2,798,000 after purchasing an additional 97,993 shares during the last quarter. Northern Trust Corp raised its stake in Frequency Electronics by 9.0% in the 2nd quarter. Northern Trust Corp now owns 31,741 shares of the communications equipment provider’s stock valued at $302,000 after purchasing an additional 2,622 shares during the last quarter. GRT Capital Partners L.L.C. acquired a new position in Frequency Electronics in the 2nd quarter valued at about $105,000. Kennedy Capital Management Inc. raised its stake in Frequency Electronics by 31.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 478,143 shares of the communications equipment provider’s stock valued at $4,561,000 after purchasing an additional 113,857 shares during the last quarter. Finally, Shufro Rose & Co. LLC raised its stake in Frequency Electronics by 13.4% in the 2nd quarter. Shufro Rose & Co. LLC now owns 14,391 shares of the communications equipment provider’s stock valued at $137,000 after purchasing an additional 1,700 shares during the last quarter. 39.06% of the stock is owned by hedge funds and other institutional investors.
Separately, TheStreet lowered shares of Frequency Electronics from a “c-” rating to a “d” rating in a report on Friday, July 28th.
Frequency Electronics Company Profile
Frequency Electronics, Inc (FEI) is principally engaged in the design, development and manufacture of precision time and frequency control products and components for microwave integrated circuit applications. The Company operates in three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The FEI-NY segment also includes the operations of the Company’s subsidiaries, Frequency Electronics, Inc Asia (FEI-Asia) and FEI-Elcom Tech, Inc (FEI-Elcom).
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