King Luther Capital Management Corp Sells 18,000 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM)

King Luther Capital Management Corp lessened its position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 20.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,000 shares of the communications equipment provider’s stock after selling 18,000 shares during the quarter. King Luther Capital Management Corp owned about 0.76% of Frequency Electronics worth $656,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Frequency Electronics by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock valued at $6,237,000 after purchasing an additional 1,847 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Frequency Electronics during the 1st quarter worth $1,511,000. Finally, Villere ST Denis J & Co. LLC raised its position in shares of Frequency Electronics by 32.0% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 13,200 shares of the communications equipment provider’s stock valued at $144,000 after acquiring an additional 3,200 shares during the last quarter. Institutional investors own 58.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Frequency Electronics from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

Frequency Electronics Stock Performance

Shares of NASDAQ:FEIM opened at $12.05 on Monday. The company has a 50 day moving average price of $12.74 and a two-hundred day moving average price of $10.75. The company has a market capitalization of $114.32 million, a PE ratio of 35.44 and a beta of 0.45. Frequency Electronics, Inc. has a 52 week low of $6.53 and a 52 week high of $14.50.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.28 EPS for the quarter. The business had revenue of $15.58 million during the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 15.92%.

Frequency Electronics Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were given a $1.00 dividend. The ex-dividend date was Thursday, August 8th.

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.