Jane Street Group LLC Acquires Shares of 21,701 Frequency Electronics, Inc. (NASDAQ:FEIM)

Jane Street Group LLC acquired a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,701 shares of the communications equipment provider's stock, valued at approximately $402,000. Jane Street Group LLC owned about 0.23% of Frequency Electronics at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Frequency Electronics in the 4th quarter valued at about $238,000. Northern Trust Corp increased its stake in shares of Frequency Electronics by 6.6% during the 4th quarter. Northern Trust Corp now owns 32,630 shares of the communications equipment provider's stock worth $604,000 after purchasing an additional 2,008 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Frequency Electronics in the fourth quarter valued at approximately $382,000. Susquehanna International Group LLP increased its holdings in shares of Frequency Electronics by 204.8% in the fourth 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 last quarter. Finally, MYDA Advisors LLC bought a new position in Frequency Electronics in the 4th quarter valued at about $259,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

Frequency Electronics Trading Up 4.1%

NASDAQ:FEIM traded up $0.76 during mid-day trading on Wednesday, hitting $19.41. 158,425 shares of the company's stock were exchanged, compared to its average volume of 76,940. Frequency Electronics, Inc. has a fifty-two week low of $8.62 and a fifty-two week high of $21.00. The firm has a market capitalization of $187.83 million, a P/E ratio of 23.67 and a beta of 0.38. The company has a 50 day simple moving average of $17.53 and a 200-day simple moving average of $16.72.

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

Insider Transactions at Frequency Electronics

In other news, Director Russell M. Sarachek bought 2,161 shares of the stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the purchase, the director now directly owns 464,080 shares in the company, valued at $7,318,541.60. This represents a 0.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 26.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.