Ns Advisors buys $6,912,791 stake in Frequency Electronics (FEIM)

Frequency Electronics (FEIM) : Ns Advisors scooped up 107,333 additional shares in Frequency Electronics during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 634,201 shares of Frequency Electronics which is valued at $6,912,791.Frequency Electronics makes up approximately 8.47% of Ns Advisors’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in FEIM by selling 342 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 20,083 shares of FEIM which is valued at $218,905.Dimensional Fund Advisors Lp boosted its stake in FEIM in the latest quarter, The investment management firm added 1,481 additional shares and now holds a total of 697,201 shares of Frequency Electronics which is valued at $7,727,079.

Frequency Electronics closed down -0.16 points or -1.46% at $10.82 with 2,130 shares getting traded on Thursday. Post opening the session at $10.334, the shares hit an intraday low of $10.334 and an intraday high of $10.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Frequency Electronics Inc. is a provider of precision time and frequency technology. The Company operates under three segments: FEI-NY Gillam-FEI and FEI-Zyfer. The Company’s FEI-NY segment operates out of New York and its operations consist principally of precision time and frequency control products used in three principal markets: communication satellites (both commercial and the United States Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations and other components and systems for the United States military. The Company’s Gillam-FEI segment operates out of Belgium and France and primarily sells wireline synchronization and network management systems in non-United States markets. The Company’s FEI-Zyfer operates out of California and its products integrate global positioning system (GPS) technologies into systems and subsystems for secure communications both government and commercial and other locator applications.

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