Frequency Electronics, Inc. (NASDAQ:FEIM) major shareholder Edenbrook Capital, Llc bought 157,400 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $9.00 per share, with a total value of $1,416,600.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Edenbrook Capital, Llc also recently made the following trade(s):

  • On Tuesday, September 19th, Edenbrook Capital, Llc bought 38,000 shares of Frequency Electronics stock. The stock was bought at an average price of $8.00 per share, with a total value of $304,000.00.
  • On Tuesday, September 5th, Edenbrook Capital, Llc bought 50,000 shares of Frequency Electronics stock. The stock was bought at an average price of $8.00 per share, with a total value of $400,000.00.

Shares of Frequency Electronics, Inc. (FEIM) traded down $0.60 during trading on Tuesday, hitting $8.82. The stock had a trading volume of 91,015 shares, compared to its average volume of 4,757. Frequency Electronics, Inc. has a 12-month low of $7.53 and a 12-month high of $11.50.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Wednesday, September 13th. The communications equipment provider reported $0.09 EPS for the quarter. The firm had revenue of $12.02 million during the quarter. Frequency Electronics had a negative return on equity of 4.14% and a negative net margin of 6.89%.

TRADEMARK VIOLATION WARNING: “Frequency Electronics, Inc. (FEIM) Major Shareholder Acquires $1,416,600.00 in Stock” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/frequency-electronics-inc-feim-major-shareholder-acquires-1416600-00-in-stock/1686510.html.

Institutional investors and hedge funds have recently bought and sold shares of the stock. GRT Capital Partners L.L.C. purchased a new position in Frequency Electronics during the 2nd quarter valued at $105,000. Shufro Rose & Co. LLC boosted its holdings in Frequency Electronics by 13.4% during the 2nd quarter. Shufro Rose & Co. LLC now owns 14,391 shares of the communications equipment provider’s stock valued at $137,000 after acquiring an additional 1,700 shares during the period. Deltec Asset Management LLC boosted its holdings in Frequency Electronics by 21.7% during the 2nd quarter. Deltec Asset Management LLC now owns 27,600 shares of the communications equipment provider’s stock valued at $263,000 after acquiring an additional 4,926 shares during the period. Northern Trust Corp boosted its holdings in Frequency Electronics by 9.0% during the 2nd quarter. Northern Trust Corp now owns 31,741 shares of the communications equipment provider’s stock valued at $302,000 after acquiring an additional 2,622 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Frequency Electronics by 50.2% during the 2nd quarter. Vanguard Group Inc. now owns 293,376 shares of the communications equipment provider’s stock valued at $2,798,000 after acquiring an additional 97,993 shares during the period. Institutional investors own 39.07% of the company’s stock.

Separately, TheStreet cut Frequency Electronics from a “c-” rating to a “d” rating in a report on Friday, July 28th.

Frequency Electronics Company Profile

Frequency Electronics, Inc (FEI) is principally engaged in the design, development and manufacture of precision time and frequency control products and components for microwave integrated circuit applications. The Company operates in three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The FEI-NY segment also includes the operations of the Company’s subsidiaries, Frequency Electronics, Inc Asia (FEI-Asia) and FEI-Elcom Tech, Inc (FEI-Elcom).

Receive News & Ratings for Frequency Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frequency Electronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.