Apis Capital Advisors LLC Increases Stock Position in Frequency Electronics, Inc. $FEIM

Apis Capital Advisors LLC lifted its holdings in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 231.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,400 shares of the communications equipment provider’s stock after buying an additional 69,400 shares during the quarter. Frequency Electronics comprises 0.9% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Apis Capital Advisors LLC’s holdings in Frequency Electronics were worth $5,352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC bought a new position in shares of Frequency Electronics during the 4th quarter valued at $201,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Frequency Electronics in the 4th quarter worth about $228,000. Russell Investments Group Ltd. lifted its position in shares of Frequency Electronics by 3,500.7% in the 4th quarter. Russell Investments Group Ltd. now owns 19,624 shares of the communications equipment provider’s stock worth $1,057,000 after purchasing an additional 19,079 shares during the period. Mangrove Partners IM LLC purchased a new position in Frequency Electronics during the 4th quarter valued at about $213,000. Finally, Next Century Growth Investors LLC lifted its position in Frequency Electronics by 200.4% during the 4th quarter. Next Century Growth Investors LLC now owns 219,463 shares of the communications equipment provider’s stock valued at $11,816,000 after acquiring an additional 146,397 shares during the period. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frequency Electronics in a report on Monday. Freedom Capital upgraded shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $43.67.

Frequency Electronics Stock Performance

FEIM stock opened at $70.22 on Thursday. Frequency Electronics, Inc. has a one year low of $18.70 and a one year high of $80.00. The company’s fifty day moving average price is $61.83 and its 200-day moving average price is $53.46. The company has a market capitalization of $690.96 million, a PE ratio of 93.63 and a beta of 0.67.

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.