Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek Purchases 1,602 Shares of Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek acquired 1,602 shares of the business’s stock in a transaction on Friday, April 19th. The shares were bought at an average cost of $9.51 per share, with a total value of $15,235.02. Following the completion of the acquisition, the director now owns 435,347 shares in the company, valued at $4,140,149.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Frequency Electronics Price Performance

Shares of FEIM opened at $9.62 on Friday. Frequency Electronics, Inc. has a 1 year low of $6.22 and a 1 year high of $11.41. The company has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $9.74. The firm has a market cap of $91.29 million, a P/E ratio of 28.29 and a beta of 0.46.

Frequency Electronics (NASDAQ:FEIM) last posted its earnings results on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share for the quarter. Frequency Electronics had a net margin of 6.10% and a return on equity of 9.12%. The firm had revenue of $13.71 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First United Bank & Trust purchased a new position in shares of Frequency Electronics in the fourth quarter valued at $55,000. Villere ST Denis J & Co. LLC bought a new stake in Frequency Electronics in the third quarter worth $69,000. Hillsdale Investment Management Inc. bought a new stake in Frequency Electronics in the fourth quarter worth $170,000. Thompson Siegel & Walmsley LLC bought a new stake in Frequency Electronics in the fourth quarter worth $199,000. Finally, Janney Montgomery Scott LLC lifted its position in Frequency Electronics by 51.8% in the third quarter. Janney Montgomery Scott LLC now owns 40,150 shares of the communications equipment provider’s stock worth $279,000 after buying an additional 13,700 shares during the last quarter. 58.60% of the stock is owned by hedge funds and other institutional investors.

About Frequency Electronics

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.