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

G2 Investment Partners Management LLC bought a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 104,046 shares of the communications equipment provider’s stock, valued at approximately $1,927,000.

A number of other institutional investors have also recently bought and sold shares of FEIM. Citadel Advisors LLC bought a new stake in Frequency Electronics in the 4th quarter valued at $727,000. 683 Capital Management LLC acquired a new position in shares of Frequency Electronics during the fourth quarter worth about $686,000. Jane Street Group LLC bought a new position in shares of Frequency Electronics during the fourth quarter worth about $402,000. Schonfeld Strategic Advisors LLC acquired a new stake in Frequency Electronics in the 4th quarter valued at approximately $238,000. Finally, Northern Trust Corp lifted its stake in Frequency Electronics by 6.6% in the 4th quarter. Northern Trust Corp now owns 32,630 shares of the communications equipment provider’s stock valued at $604,000 after acquiring an additional 2,008 shares in the last quarter. Institutional investors own 58.60% of the company’s stock.

Analysts Set New Price Targets

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

Frequency Electronics Stock Down 1.3 %

FEIM opened at $16.89 on Friday. The company has a 50-day simple moving average of $16.37 and a 200 day simple moving average of $15.97. The stock has a market capitalization of $163.44 million, a price-to-earnings ratio of 20.60 and a beta of 0.38. Frequency Electronics, Inc. has a twelve month low of $8.62 and a twelve month high of $20.33.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The business had revenue of $18.93 million during the quarter.

Insiders Place Their Bets

In other news, Director Russell M. Sarachek purchased 2,161 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of $15.77 per share, with a total value of $34,078.97. Following the completion of the transaction, the director now owns 464,080 shares of the company’s stock, valued at $7,318,541.60. The trade was a 0.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 26.10% of the company’s stock.

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.