Dimensional Fund Advisors LP Purchases 11,743 Shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

Dimensional Fund Advisors LP grew its position in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,063 shares of the company's stock after buying an additional 11,743 shares during the quarter. Dimensional Fund Advisors LP owned 3.62% of Espey Mfg. & Electronics worth $3,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Espey Mfg. & Electronics by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,112 shares of the company's stock worth $757,000 after purchasing an additional 1,205 shares during the period. Ellsworth Advisors LLC raised its holdings in shares of Espey Mfg. & Electronics by 5.1% in the 4th quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company's stock worth $760,000 after purchasing an additional 1,234 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Espey Mfg. & Electronics in the 4th quarter worth approximately $211,000. American Century Companies Inc. purchased a new position in Espey Mfg. & Electronics in the 4th quarter valued at approximately $258,000. Finally, EAM Investors LLC purchased a new position in Espey Mfg. & Electronics in the 4th quarter valued at approximately $462,000. Institutional investors own 36.65% of the company's stock.

Espey Mfg. & Electronics Stock Down 0.7%

Espey Mfg. & Electronics stock traded down $0.26 during mid-day trading on Monday, reaching $36.24. The company's stock had a trading volume of 39,003 shares, compared to its average volume of 16,084. Espey Mfg. & Electronics Corp. has a 12-month low of $20.20 and a 12-month high of $36.81. The firm has a market cap of $101.47 million, a P/E ratio of 14.79 and a beta of 0.13. The stock has a fifty day moving average of $29.15.

Espey Mfg. & Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 21st were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.76%. Espey Mfg. & Electronics's dividend payout ratio (DPR) is currently 40.82%.

Insider Activity

In other news, Director Michael W. Wool sold 1,600 shares of Espey Mfg. & Electronics stock in a transaction on Friday, May 16th. The shares were sold at an average price of $35.49, for a total transaction of $56,784.00. Following the completion of the sale, the director now directly owns 14,900 shares of the company's stock, valued at approximately $528,801. The trade was a 9.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David A. Oneil sold 2,000 shares of Espey Mfg. & Electronics stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $36.52, for a total transaction of $73,040.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $365,200. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.78% of the company's stock.

Espey Mfg. & Electronics Profile

Espey Manufacturing & Electronics Corp. is a power electronics design and original equipment manufacturing company, which engages in developing and delivering products for use in military and severe environment applications. Its products include power supplies, converters, transformers, filters, magnetic components, power distribution equipment, uninterruptible power supply (UPS) systems, and antennas.