Two Sigma Investments LP Increases Stake in Frequency Electronics, Inc. (NASDAQ:FEIM)

Two Sigma Investments LP boosted its position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) by 109.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,644 shares of the communications equipment provider's stock after buying an additional 37,438 shares during the quarter. Two Sigma Investments LP owned approximately 0.75% of Frequency Electronics worth $1,327,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. G2 Investment Partners Management LLC acquired a new stake in Frequency Electronics during the 4th quarter worth $1,927,000. Nokomis Capital L.L.C. acquired a new stake in shares of Frequency Electronics in the 4th quarter valued at about $1,778,000. Susquehanna International Group LLP raised its stake in shares of Frequency Electronics by 204.8% in the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider's stock valued at $1,547,000 after purchasing an additional 56,134 shares during the period. 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. Finally, Citadel Advisors LLC acquired a new stake in shares of Frequency Electronics in the 4th quarter valued at about $727,000. Institutional investors and hedge funds own 58.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Frequency Electronics from a "strong-buy" rating to a "buy" rating in a report on Friday.

Insider Transactions at Frequency Electronics

In related news, Director Russell M. Sarachek purchased 2,161 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $15.77 per share, for a total transaction 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 trade represents a 0.47% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.10% of the company's stock.

Frequency Electronics Stock Performance

Frequency Electronics stock traded up $0.16 during midday trading on Friday, reaching $19.11. 123,936 shares of the company's stock were exchanged, compared to its average volume of 78,032. Frequency Electronics, Inc. has a 52 week low of $8.62 and a 52 week high of $21.00. The firm has a market cap of $184.93 million, a price-to-earnings ratio of 23.31 and a beta of 0.43. The stock's 50-day simple moving average is $17.75 and its 200 day simple moving average is $16.85.

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

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.