Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek Acquires 1,602 Shares

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek acquired 1,602 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was acquired at an average price of $9.51 per share, with a total value of $15,235.02. Following the completion of the transaction, the director now directly owns 435,347 shares of the company’s stock, valued at $4,140,149.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Frequency Electronics Stock Performance

Shares of FEIM opened at $9.72 on Friday. Frequency Electronics, Inc. has a one year low of $6.22 and a one year high of $11.41. The stock has a market capitalization of $92.24 million, a price-to-earnings ratio of 28.59 and a beta of 0.46. The stock has a 50 day moving average price of $10.35 and a 200 day moving average price of $9.76.

Frequency Electronics (NASDAQ:FEIM) last issued its quarterly earnings results on Thursday, March 14th. The communications equipment provider reported $0.01 EPS for the quarter. Frequency Electronics had a return on equity of 9.12% and a net margin of 6.10%. The firm had revenue of $13.71 million during the quarter.

Institutional Trading of Frequency Electronics

Several large investors have recently made changes to their positions in FEIM. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Frequency Electronics during the fourth quarter worth approximately $199,000. Hillsdale Investment Management Inc. purchased a new stake in Frequency Electronics in the 4th quarter valued at $170,000. Janney Montgomery Scott LLC grew its holdings in Frequency Electronics by 51.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 40,150 shares of the communications equipment provider’s stock valued at $279,000 after buying an additional 13,700 shares in the last quarter. Villere ST Denis J & Co. LLC purchased a new stake in Frequency Electronics in the 3rd quarter valued at $69,000. Finally, First United Bank & Trust purchased a new stake in Frequency Electronics in the 4th quarter valued at $55,000. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

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.