Janney Montgomery Scott LLC Holds Position in Frequency Electronics, Inc. (FEIM)
Janney Montgomery Scott LLC held its stake in Frequency Electronics, Inc. (NASDAQ:FEIM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,124 shares of the communications equipment provider’s stock at the end of the second quarter. Janney Montgomery Scott LLC owned about 0.17% of Frequency Electronics worth $144,000 at the end of the most recent reporting period.
Separately, Deltec Asset Management LLC boosted its position in Frequency Electronics by 21.7% in the second quarter. Deltec Asset Management LLC now owns 27,600 shares of the communications equipment provider’s stock worth $263,000 after buying an additional 4,926 shares during the last quarter. 39.01% of the stock is owned by institutional investors and hedge funds.
Frequency Electronics, Inc. (NASDAQ:FEIM) opened at 8.10 on Wednesday. The stock’s market cap is $70.70 million. The stock has a 50 day moving average price of $8.49 and a 200-day moving average price of $9.91. Frequency Electronics, Inc. has a 1-year low of $7.53 and a 1-year high of $11.99.
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Separately, TheStreet cut Frequency Electronics from a “c-” rating to a “d” rating in a research note on Friday, July 28th.
In other Frequency Electronics news, major shareholder Edenbrook Capital, Llc purchased 77,296 shares of the company’s stock in a transaction on Friday, July 14th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $657,016.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 38.90% of the company’s stock.
Frequency Electronics Company Profile
Frequency Electronics, Inc (FEI) is principally engaged in the design, development and manufacture of precision time and frequency control products and components for microwave integrated circuit applications. The Company operates in three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The FEI-NY segment also includes the operations of the Company’s subsidiaries, Frequency Electronics, Inc Asia (FEI-Asia) and FEI-Elcom Tech, Inc (FEI-Elcom).
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