Janney Montgomery Scott LLC Grows Position in Frequency Electronics, Inc. (FEIM)
Janney Montgomery Scott LLC lifted its position in Frequency Electronics, Inc. (NASDAQ:FEIM) by 30.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 150,500 shares of the communications equipment provider’s stock after acquiring an additional 35,000 shares during the period. Janney Montgomery Scott LLC’s holdings in Frequency Electronics were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Grace & White Inc. NY boosted its stake in shares of Frequency Electronics by 2.8% during the 3rd quarter. Grace & White Inc. NY now owns 321,426 shares of the communications equipment provider’s stock worth $3,333,000 after acquiring an additional 8,633 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.
FEIM stock opened at $10.90 on Thursday. Frequency Electronics, Inc. has a 52-week low of $7.30 and a 52-week high of $11.84.
Separately, TheStreet raised shares of Frequency Electronics from a “d+” rating to a “c-” rating in a research note on Monday, October 8th.
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Frequency Electronics Profile
Frequency Electronics, Inc designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.
Further Reading: Buyback
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