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.

In other news, insider Martin B. Bloch bought 3,600 shares of the stock in a transaction dated Friday, October 26th. The shares were acquired at an average cost of $10.80 per share, with a total value of $38,880.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edenbrook Capital, Llc bought 3,597 shares of the stock in a transaction dated Tuesday, September 18th. The shares were purchased at an average cost of $9.40 per share, for a total transaction of $33,811.80. Following the completion of the purchase, the director now owns 403,647 shares in the company, valued at $3,794,281.80. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 29,822 shares of company stock worth $319,298. Corporate insiders own 41.70% of the company’s stock.

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

Want to see what other hedge funds are holding FEIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frequency Electronics, Inc. (NASDAQ:FEIM).

Institutional Ownership by Quarter for Frequency Electronics (NASDAQ:FEIM)

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