96,009 Shares in Frequency Electronics, Inc. (NASDAQ:FEIM) Purchased by Nokomis Capital L.L.C.

Nokomis Capital L.L.C. bought a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 96,009 shares of the communications equipment provider's stock, valued at approximately $1,778,000. Nokomis Capital L.L.C. owned approximately 1.00% of Frequency Electronics at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FEIM. Barclays PLC bought a new position in Frequency Electronics during the third quarter worth about $153,000. Global Retirement Partners LLC bought a new position in Frequency Electronics during the fourth quarter worth about $27,000. IFP Advisors Inc acquired a new stake in shares of Frequency Electronics in the 4th quarter valued at about $85,000. JPMorgan Chase & Co. raised its stake in shares of Frequency Electronics by 373.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock valued at $114,000 after purchasing an additional 4,860 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Frequency Electronics by 108.7% in the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider's stock valued at $1,884,000 after purchasing an additional 52,962 shares during the period. 58.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Frequency Electronics

In related news, Director Russell M. Sarachek bought 2,161 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the acquisition, the director now owns 464,080 shares of the company's stock, valued at approximately $7,318,541.60. The trade was a 0.47% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 26.10% of the company's stock.

Analysts Set New Price Targets

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

Frequency Electronics Price Performance

Shares of FEIM traded up $0.02 during midday trading on Friday, hitting $18.15. The stock had a trading volume of 175,909 shares, compared to its average volume of 68,741. The company has a 50 day simple moving average of $16.75 and a two-hundred day simple moving average of $16.18. Frequency Electronics, Inc. has a twelve month low of $8.62 and a twelve month high of $20.33. The firm has a market cap of $175.64 million, a price-to-earnings ratio of 22.13 and a beta of 0.38.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $18.93 million for the quarter.

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.