Frequency Electronics, Inc. (NASDAQ:FEIM) insider Fund Lp Privet sold 85,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $9.00, for a total value of $766,800.00. Following the completion of the sale, the insider now directly owns 53,783 shares in the company, valued at approximately $484,047. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Frequency Electronics, Inc. (NASDAQ FEIM) opened at $9.05 on Friday. Frequency Electronics, Inc. has a twelve month low of $7.53 and a twelve month high of $11.50.

Frequency Electronics (NASDAQ:FEIM) last issued its quarterly earnings results on Wednesday, September 13th. The communications equipment provider reported $0.09 earnings per share for the quarter. The company had revenue of $12.02 million during the quarter. Frequency Electronics had a negative return on equity of 4.14% and a negative net margin of 6.89%.

ILLEGAL ACTIVITY NOTICE: “Fund Lp Privet Sells 85,200 Shares of Frequency Electronics, Inc. (FEIM) Stock” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/11/fund-lp-privet-sells-85200-shares-of-frequency-electronics-inc-feim-stock.html.

Separately, TheStreet lowered Frequency Electronics from a “c-” rating to a “d” rating in a research note on Friday, July 28th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kennedy Capital Management Inc. raised its holdings in Frequency Electronics by 31.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 478,143 shares of the communications equipment provider’s stock valued at $4,561,000 after acquiring an additional 113,857 shares during the last quarter. Grace & White Inc. NY raised its holdings in Frequency Electronics by 4.6% in the 3rd quarter. Grace & White Inc. NY now owns 312,793 shares of the communications equipment provider’s stock valued at $2,987,000 after acquiring an additional 13,884 shares during the last quarter. Vanguard Group Inc. raised its holdings in Frequency Electronics by 50.2% in the 2nd quarter. Vanguard Group Inc. now owns 293,376 shares of the communications equipment provider’s stock valued at $2,798,000 after acquiring an additional 97,993 shares during the last quarter. Northern Trust Corp raised its holdings in Frequency Electronics by 9.0% in the 2nd quarter. Northern Trust Corp now owns 31,741 shares of the communications equipment provider’s stock valued at $302,000 after acquiring an additional 2,622 shares during the last quarter. Finally, Deltec Asset Management LLC raised its holdings in Frequency Electronics by 21.7% in the 2nd quarter. Deltec Asset Management LLC now owns 27,600 shares of the communications equipment provider’s stock valued at $263,000 after acquiring an additional 4,926 shares during the last quarter. Institutional investors own 39.07% of the company’s stock.

About Frequency Electronics

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).

Receive News & Stock Ratings for Frequency Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frequency Electronics Inc. and related stocks with our FREE daily email newsletter.