GSA Capital Partners LLP Takes Position in Frequency Electronics, Inc. $FEIM

GSA Capital Partners LLP acquired a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 23,391 shares of the communications equipment provider’s stock, valued at approximately $1,552,000.

Other hedge funds have also bought and sold shares of the company. Ausbil Investment Management Ltd bought a new stake in shares of Frequency Electronics during the 2nd quarter valued at about $515,000. Bank of America Corp DE lifted its stake in Frequency Electronics by 53.1% in the first quarter. Bank of America Corp DE now owns 9,565 shares of the communications equipment provider’s stock valued at $423,000 after buying an additional 3,318 shares during the period. Sei Investments Co. grew its position in shares of Frequency Electronics by 93.1% during the 1st quarter. Sei Investments Co. now owns 91,706 shares of the communications equipment provider’s stock worth $4,059,000 after buying an additional 44,218 shares during the period. First Trust Advisors LP grew its position in shares of Frequency Electronics by 0.9% during the 1st quarter. First Trust Advisors LP now owns 21,818 shares of the communications equipment provider’s stock worth $966,000 after buying an additional 190 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Frequency Electronics by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 257,402 shares of the communications equipment provider’s stock valued at $11,391,000 after acquiring an additional 6,948 shares in the last quarter. Institutional investors own 58.60% of the company’s stock.

Frequency Electronics Stock Performance

Shares of FEIM opened at $78.73 on Monday. The stock has a 50 day moving average price of $67.62 and a two-hundred day moving average price of $58.94. The firm has a market capitalization of $777.07 million, a P/E ratio of -874.78 and a beta of 0.73. Frequency Electronics, Inc. has a 52 week low of $25.54 and a 52 week high of $80.60.

Frequency Electronics (NASDAQ:FEIM) last posted its earnings results on Wednesday, July 15th. The communications equipment provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.76). The company had revenue of $15.40 million during the quarter, compared to the consensus estimate of $18.57 million. Frequency Electronics had a negative net margin of 1.43% and a negative return on equity of 1.56%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FEIM. Freedom Capital upgraded shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings lowered shares of Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.