GatePass Capital LLC Makes New Investment in Frequency Electronics, Inc. $FEIM

GatePass Capital LLC acquired a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the communications equipment provider’s stock, valued at approximately $848,000. GatePass Capital LLC owned about 0.26% of Frequency Electronics as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in Frequency Electronics during the 2nd quarter valued at $25,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Frequency Electronics in the second quarter valued at about $30,000. Bank of America Corp DE raised its stake in shares of Frequency Electronics by 3,558.9% during the second quarter. Bank of America Corp DE now owns 2,671 shares of the communications equipment provider’s stock valued at $61,000 after acquiring an additional 2,598 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Frequency Electronics during the second quarter worth about $82,000. Finally, Lazard Asset Management LLC grew its stake in shares of Frequency Electronics by 10,807.7% in the second quarter. Lazard Asset Management LLC now owns 4,254 shares of the communications equipment provider’s stock worth $96,000 after purchasing an additional 4,215 shares during the last quarter. Institutional investors own 58.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FEIM shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Frequency Electronics in a research report on Monday, December 29th. Wall Street Zen downgraded Frequency Electronics from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Craig Hallum reiterated a “buy” rating and issued a $46.00 price target on shares of Frequency Electronics in a report on Friday, December 12th. Finally, Loop Capital set a $42.00 price objective on shares of Frequency Electronics in a research report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Frequency Electronics presently has a consensus rating of “Buy” and an average price target of $43.67.

Frequency Electronics Stock Up 1.1%

NASDAQ FEIM opened at $58.64 on Friday. The firm has a market capitalization of $573.38 million, a PE ratio of 26.78 and a beta of 0.36. The stock’s 50 day moving average is $42.03 and its 200 day moving average is $34.47. Frequency Electronics, Inc. has a twelve month low of $13.69 and a twelve month high of $61.47.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Thursday, December 11th. The communications equipment provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.12). Frequency Electronics had a net margin of 30.28% and a return on equity of 38.07%. The firm had revenue of $17.13 million for the quarter, compared to analysts’ expectations of $16.87 million.

Frequency Electronics Company Profile

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.