Frequency Electronics, Inc. (NASDAQ:FEIM) Director Edenbrook Capital, Llc Acquires 1,928 Shares

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Frequency Electronics, Inc. (NASDAQ:FEIM) Director Edenbrook Capital, Llc acquired 1,928 shares of Frequency Electronics stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $11.60 per share, for a total transaction of $22,364.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Edenbrook Capital, Llc also recently made the following trade(s):

  • On Tuesday, September 17th, Edenbrook Capital, Llc acquired 4,553 shares of Frequency Electronics stock. The shares were purchased at an average cost of $11.21 per share, for a total transaction of $51,039.13.
  • On Friday, July 19th, Edenbrook Capital, Llc acquired 5,000 shares of Frequency Electronics stock. The shares were purchased at an average cost of $11.99 per share, for a total transaction of $59,950.00.

Shares of FEIM traded up $0.05 on Thursday, hitting $11.25. 8,316 shares of the stock traded hands, compared to its average volume of 8,489. The stock’s 50 day moving average is $11.20 and its two-hundred day moving average is $11.67. Frequency Electronics, Inc. has a 1 year low of $9.03 and a 1 year high of $13.52.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Monday, September 16th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $12.55 million for the quarter. Frequency Electronics had a negative net margin of 6.17% and a negative return on equity of 4.93%.

Separately, ValuEngine downgraded shares of Frequency Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Frequency Electronics by 1.4% during the second quarter. BlackRock Inc. now owns 200,037 shares of the communications equipment provider’s stock valued at $2,278,000 after buying an additional 2,790 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Frequency Electronics by 1.1% during the second quarter. Renaissance Technologies LLC now owns 259,483 shares of the communications equipment provider’s stock valued at $2,956,000 after buying an additional 2,903 shares during the period. Royce & Associates LP lifted its stake in shares of Frequency Electronics by 7.9% during the first quarter. Royce & Associates LP now owns 532,912 shares of the communications equipment provider’s stock valued at $6,315,000 after buying an additional 39,121 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Frequency Electronics by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 690,241 shares of the communications equipment provider’s stock valued at $7,317,000 after buying an additional 10,416 shares during the period. Finally, Kennedy Capital Management Inc. lifted its stake in shares of Frequency Electronics by 0.6% during the first quarter. Kennedy Capital Management Inc. now owns 844,583 shares of the communications equipment provider’s stock valued at $10,008,000 after buying an additional 5,410 shares during the period. 44.82% of the stock is currently owned by institutional investors and hedge funds.

Frequency Electronics Company Profile

Frequency Electronics, Inc designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Insider Buying and Selling by Quarter for Frequency Electronics (NASDAQ:FEIM)

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