Frequency Electronics, Inc. (FEIM) Major Shareholder Privet Fund Management Llc Sells 100,000 Shares

Frequency Electronics, Inc. (NASDAQ:FEIM) major shareholder Privet Fund Management Llc sold 100,000 shares of the firm’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $9.00, for a total value of $900,000.00. Following the completion of the transaction, the insider now owns 53,783 shares in the company, valued at approximately $484,047. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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.

Frequency Electronics stock opened at $9.16 on Monday. Frequency Electronics, Inc. has a 12-month low of $7.53 and a 12-month high of $11.05.

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

Institutional investors have recently bought and sold shares of the stock. Santa Monica Partners LP bought a new position in Frequency Electronics during the fourth quarter worth about $134,000. Janney Montgomery Scott LLC boosted its holdings in Frequency Electronics by 300.0% during the third 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. Kennedy Capital Management Inc. boosted its holdings in Frequency Electronics by 9.6% during the fourth 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. Moors & Cabot Inc. boosted its holdings in Frequency Electronics by 36.1% during the third 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. Finally, Northern Trust Corp boosted its holdings in Frequency Electronics by 9.0% during the second 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. Institutional investors and hedge funds own 39.28% of the company’s stock.

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About Frequency Electronics

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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