30,000 Shares in Frequency Electronics, Inc. $FEIM Purchased by Apis Capital Advisors LLC

Apis Capital Advisors LLC purchased a new stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,000 shares of the communications equipment provider’s stock, valued at approximately $1,017,000. Apis Capital Advisors LLC owned 0.31% of Frequency Electronics as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. raised its holdings in shares of Frequency Electronics by 19.5% in the 3rd quarter. Raymond James Financial Inc. now owns 5,899 shares of the communications equipment provider’s stock worth $200,000 after purchasing an additional 964 shares during the period. Two Sigma Investments LP grew its holdings in Frequency Electronics by 179.4% during the third quarter. Two Sigma Investments LP now owns 139,687 shares of the communications equipment provider’s stock valued at $4,737,000 after purchasing an additional 89,698 shares during the period. Portolan Capital Management LLC bought a new position in Frequency Electronics during the third quarter valued at $6,912,000. Aristides Capital LLC purchased a new stake in Frequency Electronics in the third quarter worth $627,000. Finally, UBS Group AG increased its position in Frequency Electronics by 63.8% in the third quarter. UBS Group AG now owns 208,334 shares of the communications equipment provider’s stock worth $7,065,000 after buying an additional 81,165 shares during the last quarter. Hedge funds and other institutional investors own 58.60% of the company’s stock.

Frequency Electronics Price Performance

Shares of FEIM stock opened at $48.11 on Friday. The company’s fifty day simple moving average is $52.84 and its two-hundred day simple moving average is $41.69. Frequency Electronics, Inc. has a 1 year low of $14.41 and a 1 year high of $61.47. The stock has a market capitalization of $470.52 million, a price-to-earnings ratio of 64.15 and a beta of 0.35.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). The company had revenue of $16.89 million during the quarter, compared to the consensus estimate of $19.06 million. Frequency Electronics had a return on equity of 12.88% and a net margin of 10.78%.

Analysts Set New Price Targets

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

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.