Thompson Davis & CO. Inc. Decreases Stock Holdings in Frequency Electronics, Inc. (NASDAQ:FEIM)

Thompson Davis & CO. Inc. reduced its stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 81.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,210 shares of the communications equipment provider’s stock after selling 61,924 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Frequency Electronics were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in Frequency Electronics during the 3rd quarter valued at about $189,000. Barclays PLC acquired a new position in shares of Frequency Electronics in the third quarter valued at about $153,000. Geode Capital Management LLC increased its holdings in shares of Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock valued at $1,117,000 after purchasing an additional 19,259 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of Frequency Electronics in the fourth quarter valued at about $27,000. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Frequency Electronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 20th.

Frequency Electronics Stock Down 2.2 %

Frequency Electronics stock opened at $15.92 on Friday. The firm has a market cap of $152.99 million, a price-to-earnings ratio of 19.41 and a beta of 0.39. Frequency Electronics, Inc. has a 52 week low of $8.62 and a 52 week high of $20.33. The business’s 50-day moving average price is $17.71 and its 200 day moving average price is $14.61.

Frequency Electronics (NASDAQ:FEIM) last posted its earnings results on Tuesday, December 10th. The communications equipment provider reported $0.28 EPS for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Frequency Electronics Company Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of 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 and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.