Insider Buying: Frequency Electronics, Inc. (FEIM) Director Acquires 7,800 Shares of Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Edenbrook Capital, Llc bought 7,800 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average cost of $8.83 per share, for a total transaction of $68,874.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Edenbrook Capital, Llc also recently made the following trade(s):

  • On Tuesday, November 7th, Edenbrook Capital, Llc bought 157,400 shares of Frequency Electronics stock. The stock was acquired at an average cost of $9.00 per share, for a total transaction of $1,416,600.00.

Frequency Electronics, Inc. (NASDAQ FEIM) traded up $0.15 during trading hours on Tuesday, reaching $9.00. 8,600 shares of the company’s stock were exchanged, compared to its average volume of 13,073. Frequency Electronics, Inc. has a 52-week low of $7.53 and a 52-week high of $11.50.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings results on Wednesday, December 13th. The communications equipment provider reported ($0.15) EPS for the quarter. The firm had revenue of $9.34 million during the quarter. Frequency Electronics had a negative net margin of 8.38% and a negative return on equity of 4.45%.

A number of large investors have recently added to or reduced their stakes in the business. Kennedy Capital Management Inc. boosted its position in Frequency Electronics by 31.3% in the second quarter. Kennedy Capital Management Inc. now owns 478,143 shares of the communications equipment provider’s stock valued at $4,561,000 after buying an additional 113,857 shares in the last quarter. Grace & White Inc. NY boosted its position in Frequency Electronics by 4.6% in the third quarter. Grace & White Inc. NY now owns 312,793 shares of the communications equipment provider’s stock valued at $2,987,000 after buying an additional 13,884 shares in the last quarter. Vanguard Group Inc. boosted its position in Frequency Electronics by 50.2% in the second quarter. Vanguard Group Inc. now owns 293,376 shares of the communications equipment provider’s stock valued at $2,798,000 after buying an additional 97,993 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Frequency Electronics by 300.0% in the third quarter. Janney Montgomery Scott LLC now owns 60,500 shares of the communications equipment provider’s stock valued at $578,000 after buying an additional 45,376 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in Frequency Electronics by 36.1% in the third quarter. Moors & Cabot Inc. now owns 38,840 shares of the communications equipment provider’s stock valued at $373,000 after buying an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors own 38.65% of the company’s stock.

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About Frequency Electronics

Frequency Electronics, Inc (FEI) is principally engaged in the design, development and manufacture of precision time and frequency control products and components for microwave integrated circuit applications. The Company operates in three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The FEI-NY segment also includes the operations of the Company’s subsidiaries, Frequency Electronics, Inc Asia (FEI-Asia) and FEI-Elcom Tech, Inc (FEI-Elcom).

Insider Buying and Selling by Quarter for Frequency Electronics (NASDAQ:FEIM)

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