Moors & Cabot Inc. Lowers Stake in Frequency Electronics, Inc. (NASDAQ:FEIM)

Moors & Cabot Inc. lessened its holdings in Frequency Electronics, Inc. (NASDAQ:FEIM) by 18.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,824 shares of the communications equipment provider’s stock after selling 5,750 shares during the quarter. Moors & Cabot Inc. owned about 0.26% of Frequency Electronics worth $300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Frequency Electronics by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after acquiring an additional 1,847 shares during the last quarter. Evernest Financial Advisors LLC purchased a new position in Frequency Electronics in the third quarter worth about $124,000. Finally, Thompson Davis & CO. Inc. lifted its stake in shares of Frequency Electronics by 43.3% in the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after buying an additional 23,009 shares in the last quarter. Institutional investors own 58.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

Frequency Electronics Price Performance

FEIM stock opened at $13.09 on Friday. Frequency Electronics, Inc. has a 1-year low of $8.62 and a 1-year high of $14.50. The stock has a market capitalization of $125.27 million, a P/E ratio of 21.11 and a beta of 0.43. The business has a fifty day moving average price of $12.53 and a 200-day moving average price of $11.50.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share for the quarter. The business had revenue of $15.08 million during the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%.

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.