Apis Capital Advisors LLC Buys New Stake in Frequency Electronics, Inc. $FEIM

Key Points

• Apis Capital Advisors LLC acquired 20,000 shares of Frequency Electronics, Inc. for approximately $313,000, representing an ownership stake of 0.21% as reported in a recent SEC filing.
• Frequency Electronics' stock reached a 52-week low of $11.71 and a high of $33.72, currently opening at $32.25 with a market capitalization of about $313.73 million.
• JPMorgan Chase & Co. significantly increased its holdings in Frequency Electronics by 373.6% in the last quarter, alongside several other institutional investors adjusting their positions in the stock.

Apis Capital Advisors LLC acquired a new position in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the communications equipment provider's stock, valued at approximately $313,000. Apis Capital Advisors LLC owned approximately 0.21% of Frequency Electronics at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FEIM. JPMorgan Chase & Co. lifted its stake in shares of Frequency Electronics by 373.6% in the fourth 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. IFP Advisors Inc grew its stake in shares of Frequency Electronics by 67.4% during the first quarter. IFP Advisors Inc now owns 7,700 shares of the communications equipment provider's stock valued at $121,000 after purchasing an additional 3,100 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Frequency Electronics during the first quarter valued at approximately $180,000. Villere ST Denis J & Co. LLC boosted its stake in Frequency Electronics by 12.8% in the first quarter. Villere ST Denis J & Co. LLC now owns 14,896 shares of the communications equipment provider's stock valued at $233,000 after acquiring an additional 1,696 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Frequency Electronics during the fourth quarter worth $238,000. Institutional investors and hedge funds own 58.60% of the company's stock.

Frequency Electronics Trading Down 4.5%

Shares of FEIM traded down $1.49 on Friday, reaching $31.55. 143,132 shares of the company's stock traded hands, compared to its average volume of 177,523. The stock has a market cap of $307.61 million, a PE ratio of 12.70 and a beta of 0.50. Frequency Electronics, Inc. has a 52-week low of $11.71 and a 52-week high of $33.72. The stock's 50 day simple moving average is $26.57 and its two-hundred day simple moving average is $20.61.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its earnings results on Thursday, July 10th. The communications equipment provider reported $0.34 earnings per share for the quarter. Frequency Electronics had a net margin of 34.09% and a return on equity of 53.83%. The firm had revenue of $19.99 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Frequency Electronics from a "buy" rating to a "hold" rating in a research report on Friday, July 18th.

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.