EAM Investors LLC Buys New Position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

EAM Investors LLC purchased a new stake in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,313 shares of the company's stock, valued at approximately $462,000. EAM Investors LLC owned about 0.55% of Espey Mfg. & Electronics as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESP. Geode Capital Management LLC lifted its stake in shares of Espey Mfg. & Electronics by 55.3% in the 3rd quarter. Geode Capital Management LLC now owns 23,907 shares of the company's stock valued at $719,000 after purchasing an additional 8,511 shares during the period. Ellsworth Advisors LLC lifted its stake in Espey Mfg. & Electronics by 5.1% in the fourth quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company's stock valued at $760,000 after buying an additional 1,234 shares during the period. Flagship Harbor Advisors LLC bought a new position in Espey Mfg. & Electronics during the fourth quarter worth about $500,000. American Century Companies Inc. acquired a new position in shares of Espey Mfg. & Electronics during the 4th quarter worth about $258,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Espey Mfg. & Electronics in the 4th quarter valued at about $211,000. 36.65% of the stock is currently owned by institutional investors and hedge funds.

Espey Mfg. & Electronics Price Performance

Shares of NYSEAMERICAN:ESP traded up $0.96 during mid-day trading on Wednesday, reaching $30.05. The stock had a trading volume of 5,645 shares, compared to its average volume of 15,730. The company has a market capitalization of $84.14 million, a price-to-earnings ratio of 12.27 and a beta of 0.13. Espey Mfg. & Electronics Corp. has a twelve month low of $20.20 and a twelve month high of $33.00.

Espey Mfg. & Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, March 21st. Espey Mfg. & Electronics's dividend payout ratio is currently 40.82%.

About Espey Mfg. & Electronics

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.