GSA Capital Partners LLP Acquires Shares of 23,391 Frequency Electronics, Inc. $FEIM

Key Points

• GSA Capital Partners LLP acquired 23,391 shares of Frequency Electronics worth approximately $1.55 million, giving it a 0.24% stake. Institutional investors collectively own 58.60% of the company.
• Analyst sentiment is generally positive, with the stock carrying a consensus “Buy” rating and an average price target of $43.67, despite mixed individual rating changes.
• Frequency Electronics reported a quarterly loss of $0.50 per share versus expectations for $0.26 in earnings, while revenue of $15.40 million fell short of the $18.57 million estimate.

GSA Capital Partners LLP acquired a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,391 shares of the communications equipment provider's stock, valued at approximately $1,552,000. GSA Capital Partners LLP owned 0.24% of Frequency Electronics at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of Frequency Electronics during the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Frequency Electronics in the third quarter valued at about $25,000. State of Wyoming acquired a new position in shares of Frequency Electronics in the fourth quarter valued at about $49,000. Wexford Capital LP bought a new position in Frequency Electronics during the third quarter worth about $32,000. Finally, NewEdge Advisors LLC bought a new position in Frequency Electronics during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 58.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on FEIM. Wall Street Zen raised shares of Frequency Electronics from a "strong sell" rating to a "sell" rating in a report on Saturday, July 4th. Freedom Capital upgraded shares of Frequency Electronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut Frequency Electronics from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $43.67.

Frequency Electronics Price Performance

Shares of FEIM opened at $78.73 on Monday. The stock has a market cap of $777.07 million, a PE ratio of -874.78 and a beta of 0.73. Frequency Electronics, Inc. has a 12-month low of $25.54 and a 12-month high of $80.60. The business has a 50-day simple moving average of $67.62 and a two-hundred day simple moving average of $58.94.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The communications equipment provider reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.76). Frequency Electronics had a negative net margin of 1.43% and a negative return on equity of 1.56%. The firm had revenue of $15.40 million for the quarter, compared to analyst estimates of $18.57 million.

Frequency Electronics Company Profile

Frequency Electronics, Inc NASDAQ: FEIM is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company's portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.

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