Susquehanna International Group LLP Buys 56,134 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM)

Susquehanna International Group LLP raised its holdings in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) by 204.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,538 shares of the communications equipment provider's stock after buying an additional 56,134 shares during the quarter. Susquehanna International Group LLP owned approximately 0.87% of Frequency Electronics worth $1,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FEIM. MYDA Advisors LLC acquired a new position in Frequency Electronics during the 4th quarter worth approximately $259,000. Marshall Wace LLP grew its stake in shares of Frequency Electronics by 108.7% in 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. JPMorgan Chase & Co. grew its stake in shares of Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after purchasing an additional 4,860 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Frequency Electronics in the fourth quarter valued at $85,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Frequency Electronics during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 58.60% of the company's stock.

Wall Street Analyst Weigh In

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

Frequency Electronics Price Performance

Frequency Electronics stock traded up $0.02 during mid-day trading on Friday, hitting $18.15. The company's stock had a trading volume of 175,909 shares, compared to its average volume of 68,968. The firm's 50 day moving average is $16.75 and its 200 day moving average is $16.23. The company has a market cap of $175.64 million, a PE ratio of 22.13 and a beta of 0.38. Frequency Electronics, Inc. has a 52-week low of $8.62 and a 52-week high of $20.33.

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

Insider Transactions at Frequency Electronics

In other Frequency Electronics 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 price of $15.77 per share, with a total value of $34,078.97. Following the acquisition, the director now directly owns 464,080 shares of the company's stock, 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 the SEC website. 26.10% of the stock is owned by corporate insiders.

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.