20,627 Shares in Frequency Electronics, Inc. (NASDAQ:FEIM) Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC bought a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,627 shares of the communications equipment provider's stock, valued at approximately $382,000. Boothbay Fund Management LLC owned about 0.21% of Frequency Electronics at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in Frequency Electronics by 108.7% during the fourth quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider's stock valued at $1,884,000 after acquiring an additional 52,962 shares during the period. Geode Capital Management LLC lifted its stake in shares of Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider's stock worth $1,117,000 after buying an additional 19,259 shares during the last quarter. Susquehanna International Group LLP boosted its position in shares of Frequency Electronics by 204.8% during the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider's stock valued at $1,547,000 after acquiring an additional 56,134 shares in the last quarter. MYDA Advisors LLC acquired a new stake in shares of Frequency Electronics in the fourth quarter valued at approximately $259,000. Finally, Barclays PLC bought a new stake in shares of Frequency Electronics during the third quarter worth $153,000. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Frequency Electronics from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 25th.

Frequency Electronics Stock Performance

FEIM traded down $0.11 during trading on Wednesday, reaching $17.56. 4,780 shares of the company's stock were exchanged, compared to its average volume of 66,170. The company's fifty day moving average price is $16.31 and its 200-day moving average price is $15.93. The firm has a market capitalization of $169.88 million, a PE ratio of 21.41 and a beta of 0.38. Frequency Electronics, Inc. has a fifty-two week low of $8.62 and a fifty-two week high of $20.33.

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

Insider Activity

In other news, Director Russell M. Sarachek bought 2,161 shares of the stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of $15.77 per share, with a total value of $34,078.97. Following the acquisition, the director now directly owns 464,080 shares in the company, valued at approximately $7,318,541.60. This trade represents a 0.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 26.10% of the company's stock.

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.