Barclays PLC purchased a new position in Frequency Electronics, Inc. (NASDAQ:FEIM – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,693 shares of the communications equipment provider’s stock, valued at approximately $153,000. Barclays PLC owned approximately 0.13% of Frequency Electronics at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FEIM. Dimensional Fund Advisors LP increased its holdings in Frequency Electronics by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after purchasing an additional 1,847 shares during the period. Geode Capital Management LLC increased its stake in shares of Frequency Electronics by 26.3% during the third 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 during the period. Thompson Davis & CO. Inc. raised its holdings in shares of Frequency Electronics by 43.3% in the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock valued at $920,000 after acquiring an additional 23,009 shares in the last quarter. XTX Topco Ltd purchased a new stake in Frequency Electronics in the third quarter worth about $189,000. Finally, Evernest Financial Advisors LLC bought a new position in Frequency Electronics during the 3rd quarter worth about $124,000. Hedge funds and other institutional investors own 58.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 20th.
Frequency Electronics Stock Performance
Shares of FEIM stock opened at $18.54 on Thursday. The stock’s 50-day simple moving average is $16.11 and its 200-day simple moving average is $13.73. The firm has a market capitalization of $178.17 million, a price-to-earnings ratio of 22.61 and a beta of 0.41. Frequency Electronics, Inc. has a fifty-two week low of $8.62 and a fifty-two week high of $20.33.
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last issued its earnings results on Tuesday, December 10th. The communications equipment provider reported $0.28 EPS for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.
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.
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