96,009 Shares in Frequency Electronics, Inc. (NASDAQ:FEIM) Acquired by Nokomis Capital L.L.C.

Nokomis Capital L.L.C. acquired a new stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 96,009 shares of the communications equipment provider’s stock, valued at approximately $1,778,000. Nokomis Capital L.L.C. owned approximately 1.00% of Frequency Electronics as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of Frequency Electronics in the 3rd quarter valued at approximately $153,000. IFP Advisors Inc bought a new stake in Frequency Electronics during the fourth quarter worth approximately $85,000. JPMorgan Chase & Co. grew its holdings in Frequency Electronics by 373.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock valued at $114,000 after purchasing an additional 4,860 shares during the last quarter. Marshall Wace LLP raised its position in shares of Frequency Electronics by 108.7% in the fourth quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider’s stock valued at $1,884,000 after purchasing an additional 52,962 shares during the period. Finally, MYDA Advisors LLC bought a new position in shares of Frequency Electronics in the fourth quarter valued at approximately $259,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Frequency Electronics

In related news, Director Russell M. Sarachek acquired 2,161 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $15.77 per share, for a total transaction of $34,078.97. Following the acquisition, the director now owns 464,080 shares in the company, valued at $7,318,541.60. This trade represents a 0.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Frequency Electronics Price Performance

FEIM stock opened at $17.80 on Wednesday. The stock has a market capitalization of $172.25 million, a price-to-earnings ratio of 21.71 and a beta of 0.38. The company has a 50-day moving average of $16.53 and a two-hundred day moving average of $16.10. Frequency Electronics, Inc. has a 52-week low of $8.62 and a 52-week high of $20.33.

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

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.