4,600 Shares in Frequency Electronics, Inc. (NASDAQ:FEIM) Bought by IFP Advisors Inc

IFP Advisors Inc acquired a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,600 shares of the communications equipment provider’s stock, valued at approximately $85,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of Frequency Electronics in the fourth quarter worth $27,000. Barclays PLC acquired a new position in shares of Frequency Electronics in the third quarter worth $153,000. XTX Topco Ltd acquired a new position in shares of Frequency Electronics in the third quarter worth $189,000. Thompson Davis & CO. Inc. raised its holdings 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 acquiring an additional 23,009 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Frequency Electronics by 26.3% in 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 last quarter. 58.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Frequency Electronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 20th.

Frequency Electronics Stock Down 0.4 %

Shares of NASDAQ:FEIM opened at $14.80 on Thursday. The company has a market cap of $142.24 million, a P/E ratio of 18.05 and a beta of 0.39. Frequency Electronics, Inc. has a 52 week low of $8.62 and a 52 week high of $20.33. The business has a fifty day simple moving average of $17.13 and a 200-day simple moving average of $14.81.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Tuesday, December 10th. The communications equipment provider reported $0.28 EPS for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Frequency Electronics 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.