Frequency Electronics, Inc. (NASDAQ:FEIM) major shareholder Edenbrook Capital, Llc acquired 157,400 shares of the stock in a transaction dated Tuesday, November 7th. The stock was purchased at an average cost of $9.00 per share, with a total value of $1,416,600.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, September 19th, Edenbrook Capital, Llc acquired 38,000 shares of Frequency Electronics stock. The stock was purchased at an average cost of $8.00 per share, with a total value of $304,000.00.
  • On Tuesday, September 5th, Edenbrook Capital, Llc bought 50,000 shares of Frequency Electronics stock. The shares were purchased at an average cost of $8.00 per share, with a total value of $400,000.00.

Shares of Frequency Electronics, Inc. (FEIM) opened at $8.82 on Wednesday. Frequency Electronics, Inc. has a 52-week low of $7.53 and a 52-week high of $11.50.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Wednesday, September 13th. The communications equipment provider reported $0.09 EPS for the quarter. The company had revenue of $12.02 million during the quarter. Frequency Electronics had a negative net margin of 6.89% and a negative return on equity of 4.14%.

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Separately, TheStreet downgraded shares of Frequency Electronics from a “c-” rating to a “d” rating in a research report on Friday, July 28th.

Several institutional investors and hedge funds have recently modified their holdings of FEIM. Kennedy Capital Management Inc. lifted its stake in Frequency Electronics by 31.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 478,143 shares of the communications equipment provider’s stock valued at $4,561,000 after acquiring an additional 113,857 shares in the last quarter. Vanguard Group Inc. increased its holdings in Frequency Electronics by 50.2% in the 2nd quarter. Vanguard Group Inc. now owns 293,376 shares of the communications equipment provider’s stock worth $2,798,000 after acquiring an additional 97,993 shares during the last quarter. Grace & White Inc. NY increased its holdings in Frequency Electronics by 4.6% in the 3rd quarter. Grace & White Inc. NY now owns 312,793 shares of the communications equipment provider’s stock worth $2,987,000 after acquiring an additional 13,884 shares during the last quarter. GRT Capital Partners L.L.C. purchased a new position in Frequency Electronics during the 2nd quarter valued at about $105,000. Finally, Deltec Asset Management LLC grew its holdings in Frequency Electronics by 21.7% during the 2nd quarter. Deltec Asset Management LLC now owns 27,600 shares of the communications equipment provider’s stock valued at $263,000 after buying an additional 4,926 shares in the last quarter. Institutional investors own 39.07% of the company’s stock.

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).

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