Edenbrook Capital, Llc Purchases 7,724 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Edenbrook Capital, Llc acquired 7,724 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average cost of $7.36 per share, for a total transaction of $56,848.64. The purchase was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Monday, March 16th, Edenbrook Capital, Llc acquired 4,650 shares of Frequency Electronics stock. The stock was bought at an average cost of $7.03 per share, for a total transaction of $32,689.50.
  • On Friday, March 13th, Edenbrook Capital, Llc acquired 14,305 shares of Frequency Electronics stock. The stock was bought at an average cost of $7.20 per share, for a total transaction of $102,996.00.
  • On Thursday, January 9th, Edenbrook Capital, Llc acquired 2,786 shares of Frequency Electronics stock. The stock was bought at an average cost of $10.14 per share, for a total transaction of $28,250.04.
  • On Monday, January 6th, Edenbrook Capital, Llc acquired 8,000 shares of Frequency Electronics stock. The stock was bought at an average cost of $10.23 per share, for a total transaction of $81,840.00.
  • On Friday, January 3rd, Edenbrook Capital, Llc acquired 1,061 shares of Frequency Electronics stock. The stock was bought at an average cost of $10.24 per share, for a total transaction of $10,864.64.

Shares of FEIM opened at $8.45 on Thursday. The business’s 50 day moving average is $8.54 and its 200 day moving average is $10.08. Frequency Electronics, Inc. has a 12-month low of $5.95 and a 12-month high of $12.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.97 and a quick ratio of 3.03.

Frequency Electronics (NASDAQ:FEIM) last issued its earnings results on Thursday, March 12th. The communications equipment provider reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $9.63 million for the quarter. Frequency Electronics had a negative net margin of 21.17% and a negative return on equity of 15.62%.

Several research analysts have recently commented on the company. ValuEngine downgraded Frequency Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, March 18th. TheStreet downgraded Frequency Electronics from a “c-” rating to a “d+” rating in a research note on Wednesday, February 5th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Shufro Rose & Co. LLC raised its stake in Frequency Electronics by 11.5% during the 4th quarter. Shufro Rose & Co. LLC now owns 31,651 shares of the communications equipment provider’s stock valued at $323,000 after purchasing an additional 3,254 shares during the period. Kennedy Capital Management Inc. raised its stake in Frequency Electronics by 1.3% during the 4th quarter. Kennedy Capital Management Inc. now owns 851,646 shares of the communications equipment provider’s stock valued at $8,695,000 after purchasing an additional 10,691 shares during the period. Finally, Royce & Associates LP raised its stake in Frequency Electronics by 7.9% during the 4th quarter. Royce & Associates LP now owns 711,624 shares of the communications equipment provider’s stock valued at $7,266,000 after purchasing an additional 52,008 shares during the period. 60.62% of the stock is currently owned by institutional investors.

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.

Read More: How is Preferred Stock Different from Common Stock?

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

Receive News & Ratings for Frequency Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frequency Electronics and related companies with MarketBeat.com's FREE daily email newsletter.