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Russell M. Sarachek, a director at Frequency Electronics Inc. (NASDAQ:FEIM), has recently increased his stake in the company with the purchase of additional shares. According to the latest SEC filing, Sarachek acquired a total of 2,161 shares of common stock on March 27, 2025. The transactions were executed at prices ranging from $15.70 to $15.78 per share, amounting to a total purchase value of approximately $34,084. The purchase comes as FEIM trades at an attractive P/E ratio of 6.37 and offers a substantial dividend yield of 6.35%.
Following these transactions, Sarachek’s direct ownership in Frequency Electronics stands at 464,080 shares. This move reflects continued confidence in the company’s prospects, as Sarachek expands his investment in the firm. The timing appears strategic, with FEIM showing strong momentum through a 56.66% return over the past year. According to InvestingPro, the company maintains a GREAT financial health score, with 8 additional key insights available to subscribers.
In other recent news, Frequency Electronics Inc. reported impressive financial results for the first quarter of 2025, with earnings per share (EPS) of $1.60 and revenue of $18.93 million, both exceeding market expectations. This strong performance was part of a broader trend for the company, as it also reported consolidated revenue of $49.8 million for the nine months ending January 31, 2025, up from $39.7 million in the previous year. The increase in revenue was largely driven by satellite programs, which accounted for 58% of total revenue. Additionally, the company achieved a significant rise in net income to $20.5 million, compared to $3 million in the previous year. Frequency Electronics’ performance has been bolstered by its focus on quantum sensing technologies and satellite programs. Analysts have noted the company’s strategic investments in these areas, with the firm anticipating continued growth. Despite a decrease in its fully funded backlog from $78 million to $73 million, the company remains optimistic about future opportunities, especially in the space and quantum sensing markets. Frequency Electronics’ leadership expressed confidence in their strategic direction, citing adequate resources for future investments.
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