Round Rock Advisors LLC Has $2.62 Million Stock Position in Frequency Electronics, Inc. $FEIM

Key Points

• Round Rock Advisors boosted its stake in Frequency Electronics by 152.5% in Q4 to 48,595 shares worth $2.62 million (about 0.50% of the company), and other institutions also initiated sizable positions, leaving 58.6% of the stock held by institutional investors.
• Frequency Electronics missed quarterly estimates, reporting $0.16 EPS vs. $0.30 expected and revenue of $16.89M vs. $19.06M, though it still posted a net margin of 10.78% and ROE of 12.69%.
• The stock opened at $55.65 (market cap $547.6M) with a P/E of 74.2, a 12-month range of $16.50–$61.47, and a consensus rating of "Moderate Buy" with an average target of $43.67—below the current price.

Round Rock Advisors LLC lifted its holdings in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) by 152.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,595 shares of the communications equipment provider's stock after acquiring an additional 29,347 shares during the quarter. Round Rock Advisors LLC owned approximately 0.50% of Frequency Electronics worth $2,616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GatePass Capital LLC acquired a new position in shares of Frequency Electronics in the 3rd quarter worth approximately $848,000. Principal Financial Group Inc. acquired a new position in shares of Frequency Electronics in the 3rd quarter worth approximately $803,000. Navellier & Associates Inc. acquired a new position in shares of Frequency Electronics in the 3rd quarter worth approximately $915,000. Alps Advisors Inc. acquired a new position in shares of Frequency Electronics in the 3rd quarter worth approximately $570,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Frequency Electronics in the 3rd quarter worth approximately $1,245,000. 58.60% of the stock is owned by institutional investors and hedge funds.

Frequency Electronics Stock Down 2.5%

FEIM stock opened at $55.65 on Tuesday. The business's fifty day moving average is $49.90 and its 200-day moving average is $45.09. The company has a market cap of $547.60 million, a P/E ratio of 74.20 and a beta of 0.45. Frequency Electronics, Inc. has a twelve month low of $16.50 and a twelve month high of $61.47.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.14). The company had revenue of $16.89 million during the quarter, compared to analyst estimates of $19.06 million. Frequency Electronics had a net margin of 10.78% and a return on equity of 12.69%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings downgraded Frequency Electronics from a "buy (b+)" rating to a "hold (c+)" rating in a report on Wednesday, March 18th. Wall Street Zen raised Frequency Electronics from a "strong sell" rating to a "sell" rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.67.

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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