G2 Investment Partners Management LLC Takes $1.93 Million Position in Frequency Electronics, Inc. (NASDAQ:FEIM)

G2 Investment Partners Management LLC acquired a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 104,046 shares of the communications equipment provider's stock, valued at approximately $1,927,000. G2 Investment Partners Management LLC owned about 1.08% of Frequency Electronics as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FEIM. Marshall Wace LLP raised its holdings in Frequency Electronics by 108.7% during the fourth quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider's stock worth $1,884,000 after purchasing an additional 52,962 shares in the last quarter. Geode Capital Management LLC increased its position in Frequency Electronics by 26.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider's stock worth $1,117,000 after purchasing an additional 19,259 shares during the period. Susquehanna International Group LLP raised its stake in shares of Frequency Electronics by 204.8% during the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider's stock worth $1,547,000 after buying an additional 56,134 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Frequency Electronics in the 4th quarter valued at approximately $727,000. Finally, 683 Capital Management LLC purchased a new stake in shares of Frequency Electronics in the fourth quarter valued at approximately $686,000. Institutional investors and hedge funds own 58.60% of the company's stock.

Insider Activity 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 bought at an average price of $15.77 per share, with a total value of $34,078.97. Following the completion of the acquisition, the director now owns 464,080 shares of the company's stock, valued at approximately $7,318,541.60. This trade represents a 0.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.10% of the stock is currently owned by company insiders.

Frequency Electronics Trading Down 0.7%

Shares of FEIM traded down $0.13 during trading hours on Wednesday, reaching $17.67. The company had a trading volume of 63,379 shares, compared to its average volume of 57,864. Frequency Electronics, Inc. has a 12-month low of $8.62 and a 12-month high of $20.33. The firm has a 50 day simple moving average of $16.53 and a 200-day simple moving average of $16.10. The company has a market capitalization of $170.99 million, a price-to-earnings ratio of 21.55 and a beta of 0.38.

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

Analysts Set New Price Targets

Separately, StockNews.com cut Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 25th.

About Frequency Electronics

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.