Evernest Financial Advisors LLC purchased a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,246 shares of the communications equipment provider’s stock, valued at approximately $124,000. Evernest Financial Advisors LLC owned about 0.11% of Frequency Electronics at the end of the most recent reporting period.
Separately, Dimensional Fund Advisors LP raised its position in Frequency Electronics by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock valued at $6,237,000 after purchasing an additional 1,847 shares during the last quarter. Hedge funds and other institutional investors own 58.60% of the company’s stock.
Frequency Electronics Stock Performance
Shares of Frequency Electronics stock opened at $12.55 on Wednesday. The company has a market cap of $119.06 million, a P/E ratio of 36.91 and a beta of 0.44. Frequency Electronics, Inc. has a one year low of $7.17 and a one year high of $14.50. The firm has a fifty day moving average of $12.81 and a two-hundred day moving average of $11.04.
Frequency Electronics Announces Dividend
The company also recently disclosed a dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 8th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 8th.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research report on Wednesday.
Check Out Our Latest Analysis on Frequency Electronics
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.
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