Marshall Wace LLP Raises Stake in Frequency Electronics, Inc. (NASDAQ:FEIM)

Marshall Wace LLP boosted its holdings in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) by 108.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 101,703 shares of the communications equipment provider's stock after buying an additional 52,962 shares during the period. Marshall Wace LLP owned 1.06% of Frequency Electronics worth $1,884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in shares of Frequency Electronics in the fourth quarter worth about $27,000. IFP Advisors Inc purchased a new position in shares of Frequency Electronics in the fourth quarter valued at $85,000. JPMorgan Chase & Co. raised its stake in Frequency Electronics by 373.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock valued at $114,000 after purchasing an additional 4,860 shares in the last quarter. Barclays PLC bought a new position in Frequency Electronics during the third quarter valued at $153,000. Finally, Geode Capital Management LLC increased its holdings in shares of Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider's stock worth $1,117,000 after buying an additional 19,259 shares during the last quarter. 58.60% of the stock is owned by institutional investors.

Insider Transactions at Frequency Electronics

In other news, Director Russell M. Sarachek purchased 2,161 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $15.77 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 26.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

Frequency Electronics Stock Performance

NASDAQ FEIM traded up $0.50 on Friday, hitting $18.35. 43,609 shares of the stock were exchanged, compared to its average volume of 65,500. Frequency Electronics, Inc. has a 52-week low of $8.62 and a 52-week high of $20.33. The firm has a market capitalization of $177.56 million, a P/E ratio of 22.27 and a beta of 0.38. The stock has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $15.80.

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

Frequency Electronics 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.