Thompson Davis & CO. Inc. Purchases 23,009 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM)

Thompson Davis & CO. Inc. lifted its position in Frequency Electronics, Inc. (NASDAQ:FEIM) by 43.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,134 shares of the communications equipment provider’s stock after acquiring an additional 23,009 shares during the period. Frequency Electronics makes up approximately 0.7% of Thompson Davis & CO. Inc.’s holdings, making the stock its 22nd biggest holding. Thompson Davis & CO. Inc.’s holdings in Frequency Electronics were worth $920,000 at the end of the most recent reporting period.

Separately, Dimensional Fund Advisors LP grew its stake in shares of Frequency Electronics by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after acquiring an additional 1,847 shares in the last quarter. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Frequency Electronics Stock Up 1.0 %

Shares of Frequency Electronics stock opened at $12.99 on Wednesday. Frequency Electronics, Inc. has a 12-month low of $8.12 and a 12-month high of $14.50. The business’s 50 day moving average is $12.51 and its 200-day moving average is $11.43. The stock has a market cap of $124.31 million, a P/E ratio of 20.73 and a beta of 0.43.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 EPS for the quarter. Frequency Electronics had a return on equity of 16.40% and a net margin of 10.32%. The business had revenue of $15.08 million during the quarter.

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.