57,100 Shares in Frequency Electronics, Inc. (NASDAQ:FEIM) Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP purchased a new stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 57,100 shares of the communications equipment provider's stock, valued at approximately $1,057,000. Two Sigma Advisers LP owned approximately 0.59% of Frequency Electronics as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FEIM. Global Retirement Partners LLC purchased a new position in Frequency Electronics during the fourth quarter valued at $27,000. Northern Trust Corp lifted its position 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 acquiring an additional 2,008 shares during the period. IFP Advisors Inc purchased a new position in Frequency Electronics during the 4th quarter valued at about $85,000. JPMorgan Chase & Co. boosted its stake in Frequency Electronics by 373.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after acquiring an additional 4,860 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Frequency Electronics by 37.7% in the fourth quarter. Millennium Management LLC now owns 29,622 shares of the communications equipment provider's stock worth $549,000 after purchasing an additional 8,116 shares during the period. 58.60% of the stock is owned by hedge funds and other institutional investors.

Frequency Electronics Price Performance

FEIM stock traded down $0.08 on Wednesday, reaching $18.58. 31,117 shares of the company traded hands, compared to its average volume of 76,169. The firm has a fifty day simple moving average of $17.53 and a 200-day simple moving average of $16.72. The company has a market cap of $179.75 million, a P/E ratio of 22.65 and a beta of 0.38. Frequency Electronics, Inc. has a one year low of $8.62 and a one year high of $21.00.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 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.

Insider Activity at Frequency Electronics

In other Frequency Electronics news, Director Russell M. Sarachek bought 2,161 shares of the business's stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the purchase, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 25th.

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.