Thompson Davis & CO. Inc. Sells 61,924 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM)

Thompson Davis & CO. Inc. lowered its holdings in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 81.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,210 shares of the communications equipment provider’s stock after selling 61,924 shares during the quarter. Thompson Davis & CO. Inc. owned 0.15% of Frequency Electronics worth $263,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in Frequency Electronics during the 4th quarter valued at $27,000. Barclays PLC purchased a new position in Frequency Electronics during the 3rd quarter valued at $153,000. XTX Topco Ltd purchased a new position in Frequency Electronics during the 3rd quarter valued at $189,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after buying an additional 19,259 shares during the period. Hedge funds and other institutional investors own 58.60% of the company’s stock.

Frequency Electronics Trading Down 2.2 %

Shares of FEIM stock opened at $15.92 on Friday. Frequency Electronics, Inc. has a twelve month low of $8.62 and a twelve month high of $20.33. The stock has a market capitalization of $152.99 million, a price-to-earnings ratio of 19.41 and a beta of 0.39. The stock has a fifty day simple moving average of $17.71 and a two-hundred day simple moving average of $14.61.

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

Analysts Set New Price Targets

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

About Frequency Electronics

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.