Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek Acquires 2,161 Shares

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 2,161 shares of Frequency Electronics stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the purchase, the director now directly owns 464,080 shares of the company’s stock, valued at $7,318,541.60. This trade represents a 0.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Frequency Electronics Stock Down 1.4 %

NASDAQ:FEIM opened at $15.53 on Monday. Frequency Electronics, Inc. has a 52 week low of $8.62 and a 52 week high of $20.33. The stock’s fifty day moving average is $16.29 and its two-hundred day moving average is $15.02. The company has a market capitalization of $150.28 million, a P/E ratio of 18.94 and a beta of 0.41.

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

Institutional Investors Weigh In On Frequency Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in FEIM. Two Sigma Advisers LP acquired a new stake in Frequency Electronics in the 4th quarter valued at approximately $1,057,000. Two Sigma Investments LP boosted its position in shares of Frequency Electronics by 109.4% during the fourth quarter. Two Sigma Investments LP now owns 71,644 shares of the communications equipment provider’s stock worth $1,327,000 after buying an additional 37,438 shares during the period. Nokomis Capital L.L.C. acquired a new stake in shares of Frequency Electronics in the fourth quarter valued at $1,778,000. Millennium Management LLC raised its holdings in shares of Frequency Electronics by 37.7% in the 4th quarter. Millennium Management LLC now owns 29,622 shares of the communications equipment provider’s stock valued at $549,000 after buying an additional 8,116 shares during the period. Finally, G2 Investment Partners Management LLC acquired a new position in Frequency Electronics during the 4th quarter worth about $1,927,000. 58.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Frequency Electronics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 25th.

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.