Dimensional Fund Advisors LP Sells 52,473 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM)

Dimensional Fund Advisors LP decreased its holdings in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 8.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 600,858 shares of the communications equipment provider’s stock after selling 52,473 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Frequency Electronics worth $11,128,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of Frequency Electronics by 26.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock valued at $1,117,000 after buying an additional 19,259 shares in the last quarter. Barclays PLC bought a new stake in Frequency Electronics during the third quarter worth approximately $153,000. Global Retirement Partners LLC purchased a new stake in Frequency Electronics during the fourth quarter valued at approximately $27,000. IFP Advisors Inc bought a new stake in shares of Frequency Electronics in the 4th quarter valued at approximately $85,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Frequency Electronics by 373.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock worth $114,000 after purchasing an additional 4,860 shares during the period. Institutional investors own 58.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Frequency Electronics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 25th.

Frequency Electronics Stock Up 2.5 %

FEIM opened at $17.35 on Friday. The business has a fifty day moving average of $16.42 and a 200 day moving average of $16.00. The stock has a market cap of $167.90 million, a P/E ratio of 21.16 and a beta of 0.38. Frequency Electronics, Inc. has a 52-week low of $8.62 and a 52-week high of $20.33.

Frequency Electronics (NASDAQ:FEIM) last issued its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%. The business had revenue of $18.93 million for the quarter.

Insider Activity

In related news, Director Russell M. Sarachek acquired 2,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the purchase, the director now directly owns 464,080 shares of the company’s stock, valued at $7,318,541.60. This trade represents a 0.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 26.10% of the company’s stock.

Frequency Electronics Profile

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.