Frequency Electronics, Inc. (FEIM) Major Shareholder Sells $900,000.00 in Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) major shareholder Privet Fund Management Llc sold 100,000 shares of the company’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $9.00, for a total value of $900,000.00. Following the sale, the insider now owns 53,783 shares of the company’s stock, valued at $484,047. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Privet Fund Management Llc also recently made the following trade(s):

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  • On Monday, April 2nd, Privet Fund Management Llc sold 6,287 shares of Frequency Electronics stock. The shares were sold at an average price of $8.73, for a total value of $54,885.51.
  • On Wednesday, March 28th, Privet Fund Management Llc sold 14,745 shares of Frequency Electronics stock. The shares were sold at an average price of $8.69, for a total value of $128,134.05.
  • On Monday, March 26th, Privet Fund Management Llc sold 2,904 shares of Frequency Electronics stock. The shares were sold at an average price of $8.80, for a total value of $25,555.20.

NASDAQ:FEIM opened at $9.16 on Friday. Frequency Electronics, Inc. has a fifty-two week low of $7.53 and a fifty-two week high of $11.05.

Frequency Electronics (NASDAQ:FEIM) last released its earnings results on Thursday, March 15th. The communications equipment provider reported ($0.23) earnings per share for the quarter. Frequency Electronics had a negative net margin of 30.69% and a negative return on equity of 7.62%. The company had revenue of $10.57 million for the quarter.

Several hedge funds have recently made changes to their positions in FEIM. Northern Trust Corp lifted its position in shares of Frequency Electronics by 9.0% during the 2nd quarter. Northern Trust Corp now owns 31,741 shares of the communications equipment provider’s stock worth $302,000 after buying an additional 2,622 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Frequency Electronics by 300.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 60,500 shares of the communications equipment provider’s stock worth $578,000 after buying an additional 45,376 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Frequency Electronics by 36.1% during the 3rd quarter. Moors & Cabot Inc. now owns 38,840 shares of the communications equipment provider’s stock worth $373,000 after buying an additional 10,300 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Frequency Electronics by 9.6% during the 4th quarter. Kennedy Capital Management Inc. now owns 602,076 shares of the communications equipment provider’s stock worth $5,635,000 after buying an additional 52,872 shares during the last quarter. Finally, Santa Monica Partners LP bought a new stake in shares of Frequency Electronics during the 4th quarter worth $134,000. Institutional investors and hedge funds own 39.28% of the company’s stock.

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Frequency Electronics Company Profile

Frequency Electronics, Inc designs, develops, manufactures, and sells precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.

Insider Buying and Selling by Quarter for Frequency Electronics (NASDAQ:FEIM)

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