Insider Buying: Frequency Electronics, Inc. (NASDAQ:FEIM) Director Purchases 1,602 Shares of Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 1,602 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were acquired at an average cost of $9.51 per share, with a total value of $15,235.02. Following the acquisition, the director now directly owns 435,347 shares of the company’s stock, valued at $4,140,149.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Frequency Electronics Stock Up 1.8 %

Shares of Frequency Electronics stock traded up $0.17 during trading hours on Thursday, reaching $9.81. 2,634 shares of the company’s stock were exchanged, compared to its average volume of 24,497. Frequency Electronics, Inc. has a 1 year low of $6.22 and a 1 year high of $11.41. The company has a market capitalization of $93.10 million, a P/E ratio of 28.35 and a beta of 0.46. The business has a fifty day moving average of $10.40 and a two-hundred day moving average of $9.74.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter. Frequency Electronics had a net margin of 6.10% and a return on equity of 9.12%. The firm had revenue of $13.71 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FEIM. Hillsdale Investment Management Inc. acquired a new stake in shares of Frequency Electronics during the fourth quarter worth about $170,000. First United Bank & Trust acquired a new stake in shares of Frequency Electronics during the fourth quarter worth about $55,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Frequency Electronics during the fourth quarter worth about $199,000. Janney Montgomery Scott LLC lifted its position in shares of Frequency Electronics by 51.8% during the third quarter. Janney Montgomery Scott LLC now owns 40,150 shares of the communications equipment provider’s stock worth $279,000 after purchasing an additional 13,700 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC acquired a new stake in shares of Frequency Electronics during the third quarter worth about $69,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

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.