GSA Capital Partners LLP Makes New $1.25 Million Investment in Frequency Electronics, Inc. $FEIM

GSA Capital Partners LLP acquired a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,728 shares of the communications equipment provider’s stock, valued at approximately $1,245,000. GSA Capital Partners LLP owned 0.38% of Frequency Electronics at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FEIM. Geode Capital Management LLC grew its stake in Frequency Electronics by 82.3% in the 2nd quarter. Geode Capital Management LLC now owns 175,381 shares of the communications equipment provider’s stock valued at $3,984,000 after buying an additional 79,181 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Frequency Electronics in the second quarter valued at approximately $2,803,000. Essex Investment Management Co. LLC grew its position in shares of Frequency Electronics by 3.4% in the third quarter. Essex Investment Management Co. LLC now owns 93,410 shares of the communications equipment provider’s stock valued at $3,168,000 after purchasing an additional 3,049 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Frequency Electronics by 67.3% during the first quarter. Goldman Sachs Group Inc. now owns 54,528 shares of the communications equipment provider’s stock worth $853,000 after purchasing an additional 21,934 shares during the period. Finally, Militia Capital Partners LP acquired a new stake in Frequency Electronics during the 2nd quarter worth approximately $677,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

Frequency Electronics Stock Up 2.4%

FEIM stock opened at $47.74 on Thursday. Frequency Electronics, Inc. has a 52 week low of $13.69 and a 52 week high of $61.47. The business has a 50-day simple moving average of $52.35 and a 200 day simple moving average of $39.04. The company has a market cap of $466.90 million, a PE ratio of 21.80 and a beta of 0.35.

Frequency Electronics (NASDAQ:FEIM) last released its earnings results 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 during the quarter, compared to the consensus estimate of $16.87 million.

Wall Street Analyst Weigh In

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

Frequency Electronics 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.