Frequency Electronics, Inc. (NASDAQ:FEIM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 600,858 shares of the communications equipment provider's stock after selling 52,473 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.25% of Frequency Electronics worth $11,128,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FEIM. Marshall Wace LLP grew its stake in Frequency Electronics by 108.7% during the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider's stock worth $1,884,000 after buying an additional 52,962 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 4,860 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Frequency Electronics in the fourth quarter valued at about $85,000. Global Retirement Partners LLC purchased a new position in Frequency Electronics during the 4th quarter worth approximately $27,000. Finally, Barclays PLC acquired a new position in Frequency Electronics during the third quarter valued at $153,000. 58.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Russell M. Sarachek purchased 2,161 shares of the company's stock in a transaction dated 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 purchase, the director now directly owns 464,080 shares in the company, valued at approximately $7,318,541.60. This represents a 0.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 26.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Frequency Electronics Stock Up 1.9%

Shares of FEIM stock traded up $0.34 during trading hours on Thursday, hitting $18.09. 19,144 shares of the company's stock were exchanged, compared to its average volume of 67,559. The firm has a 50 day moving average of $16.59 and a two-hundred day moving average of $16.11. Frequency Electronics, Inc. has a fifty-two week low of $8.62 and a fifty-two week high of $20.33. The firm has a market cap of $175.09 million, a P/E ratio of 22.07 and a beta of 0.38.

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

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.