683 Capital Management LLC Takes $686,000 Position in Frequency Electronics, Inc. (NASDAQ:FEIM)

683 Capital Management LLC bought a new position in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 37,061 shares of the communications equipment provider's stock, valued at approximately $686,000. 683 Capital Management LLC owned about 0.39% of Frequency Electronics as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Frequency Electronics during the fourth quarter valued at approximately $27,000. Northern Trust Corp raised its stake in Frequency Electronics by 6.6% during the 4th quarter. Northern Trust Corp now owns 32,630 shares of the communications equipment provider's stock valued at $604,000 after buying an additional 2,008 shares during the last quarter. IFP Advisors Inc purchased a new stake in Frequency Electronics during the 4th quarter valued at $85,000. JPMorgan Chase & Co. lifted its holdings in shares of Frequency Electronics by 373.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock valued at $114,000 after buying an additional 4,860 shares during the period. Finally, Barclays PLC purchased a new position in shares of Frequency Electronics in the 3rd quarter worth $153,000. Institutional investors own 58.60% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Russell M. Sarachek acquired 2,161 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 26.10% of the stock is currently owned by insiders.

Frequency Electronics Price Performance

Shares of NASDAQ:FEIM traded down $0.27 during trading on Wednesday, hitting $17.40. The company's stock had a trading volume of 29,429 shares, compared to its average volume of 66,269. The company has a 50-day moving average of $16.31 and a 200-day moving average of $15.93. The firm has a market cap of $168.33 million, a price-to-earnings ratio of 21.21 and a beta of 0.38. Frequency Electronics, Inc. has a 12 month low of $8.62 and a 12 month high of $20.33.

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. The company had revenue of $18.93 million during the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

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.