Dimensional Fund Advisors LP Reduces Stake in Frequency Electronics, Inc. (NASDAQ:FEIM)

Dimensional Fund Advisors LP cut its holdings in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 6.25% of Frequency Electronics worth $11,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP raised its position in shares of Frequency Electronics by 108.7% in the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider’s stock worth $1,884,000 after acquiring an additional 52,962 shares in the last quarter. Geode Capital Management LLC raised its holdings in Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after purchasing an additional 19,259 shares in the last quarter. Barclays PLC purchased a new position in Frequency Electronics during the third quarter valued at $153,000. JPMorgan Chase & Co. boosted its holdings in shares of Frequency Electronics by 373.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock valued at $114,000 after buying an additional 4,860 shares in the last quarter. Finally, IFP Advisors Inc purchased a new stake in shares of Frequency Electronics in the 4th quarter worth about $85,000. Institutional investors own 58.60% of the company’s stock.

Insider Buying and Selling at Frequency Electronics

In related news, Director Russell M. Sarachek acquired 2,161 shares of Frequency Electronics stock in a transaction dated 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 approximately $7,318,541.60. This trade represents a 0.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 26.10% of the stock is owned by corporate insiders.

Frequency Electronics Stock Up 2.5 %

FEIM stock opened at $17.35 on Friday. The business has a 50 day moving average of $16.42 and a 200 day moving average of $16.00. Frequency Electronics, Inc. has a twelve month low of $8.62 and a twelve month high of $20.33. The firm has a market cap of $167.90 million, a PE ratio of 21.16 and a beta of 0.38.

Frequency Electronics (NASDAQ:FEIM) last posted its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 EPS 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%.

Analyst Upgrades and Downgrades

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

Frequency Electronics Company 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.