Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek Buys 1,582 Shares

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) Director Russell M. Sarachek bought 1,582 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of $15.62 per share, with a total value of $24,710.84. Following the completion of the transaction, the director now directly owns 461,619 shares of the company's stock, valued at $7,210,488.78. This trade represents a 0.34 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Frequency Electronics Stock Down 5.1 %

NASDAQ:FEIM traded down $0.88 during mid-day trading on Friday, hitting $16.26. 54,998 shares of the company traded hands, compared to its average volume of 60,426. The stock's fifty day moving average price is $16.38 and its 200-day moving average price is $14.93. Frequency Electronics, Inc. has a one year low of $8.62 and a one year high of $20.33. The firm has a market cap of $157.35 million, a price-to-earnings ratio of 19.83 and a beta of 0.41.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The company had revenue of $18.93 million during the quarter.

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Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 14th.

Hedge Funds Weigh In On Frequency Electronics

A number of hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its stake in shares of Frequency Electronics by 43.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider's stock valued at $920,000 after buying an additional 23,009 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Frequency Electronics in the third quarter valued at about $189,000. Barclays PLC bought a new position in Frequency Electronics in the 3rd quarter worth approximately $153,000. Geode Capital Management LLC boosted its position in shares of Frequency Electronics by 26.3% during 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. Finally, Global Retirement Partners LLC bought a new position in shares of Frequency Electronics during the 4th quarter valued at about $27,000. 58.60% of the stock is currently owned by institutional investors.

About Frequency Electronics

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.