203,827 Shares in Frequency Electronics, Inc. $FEIM Acquired by Portolan Capital Management LLC

Portolan Capital Management LLC bought a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 203,827 shares of the communications equipment provider’s stock, valued at approximately $6,912,000.

Several other large investors have also modified their holdings of FEIM. GatePass Capital LLC purchased a new position in shares of Frequency Electronics during the 3rd quarter worth $848,000. Principal Financial Group Inc. acquired a new stake in shares of Frequency Electronics during the 3rd quarter worth about $803,000. Navellier & Associates Inc. purchased a new stake in Frequency Electronics in the 3rd quarter valued at about $915,000. Corsair Capital Management L.P. purchased a new stake in Frequency Electronics in the 2nd quarter valued at about $511,000. Finally, Alps Advisors Inc. acquired a new position in Frequency Electronics in the third quarter valued at about $570,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

Frequency Electronics Trading Up 3.1%

FEIM opened at $48.11 on Friday. The stock’s 50-day moving average price is $52.84 and its 200 day moving average price is $41.63. Frequency Electronics, Inc. has a 12-month low of $14.41 and a 12-month high of $61.47. The firm has a market cap of $470.52 million, a price-to-earnings ratio of 64.15 and a beta of 0.35.

Frequency Electronics (NASDAQ:FEIM) last released its earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.14). The firm had revenue of $16.89 million during the quarter, compared to analyst estimates of $19.06 million. Frequency Electronics had a net margin of 10.78% and a return on equity of 12.88%.

Analyst Ratings Changes

A number of brokerages have weighed in on FEIM. Wall Street Zen cut shares of Frequency Electronics from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Weiss Ratings restated a “buy (b+)” rating on shares of Frequency Electronics in a report on Monday, December 29th. Craig Hallum reaffirmed a “buy” rating and set a $46.00 price objective on shares of Frequency Electronics in a research report on Friday, December 12th. Finally, Loop Capital set a $42.00 target price on shares of Frequency Electronics in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Frequency Electronics presently has an average rating of “Buy” and an average target price of $43.67.

Frequency Electronics Company Profile

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.