Apis Capital Advisors LLC Buys 69,400 Shares of 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 the company in its most recent Form 13F filing with the SEC. The firm owned 99,400 shares of the communications equipment provider’s stock after purchasing an additional 69,400 shares during the period. Frequency Electronics accounts for 0.9% of Apis Capital Advisors LLC’s holdings, making the stock its 29th biggest holding. Apis Capital Advisors LLC owned about 1.02% of Frequency Electronics worth $5,352,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in Frequency Electronics in the fourth quarter valued at $26,000. Kestra Advisory Services LLC acquired a new position in Frequency Electronics in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Frequency Electronics in the third quarter valued at $25,000. State of Wyoming acquired a new position in Frequency Electronics in the fourth quarter valued at $49,000. Finally, Wexford Capital LP acquired a new position in Frequency Electronics in the third quarter valued at $32,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

Analysts Set New Price Targets

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

Frequency Electronics Price Performance

NASDAQ:FEIM opened at $70.22 on Thursday. The firm has a 50-day moving average of $61.83 and a 200-day moving average of $53.46. The company has a market cap of $690.96 million, a PE ratio of 93.63 and a beta of 0.67. Frequency Electronics, Inc. has a one year low of $18.70 and a one year high of $80.00.

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.