Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Sees Significant Growth in Short Interest

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 7,700 shares, a growth of 18.5% from the April 30th total of 6,500 shares. Approximately 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 17,200 shares, the short-interest ratio is currently 0.4 days.

Insider Buying and Selling at Espey Mfg. & Electronics

In other Espey Mfg. & Electronics news, Director Michael W. Wool sold 1,600 shares of the stock in a transaction dated Friday, May 16th. The stock was 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 in the company, valued at approximately $528,801. This trade represents a 9.70% decrease in their position. The sale 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 dated Thursday, May 15th. The stock was sold at an average price of $36.52, for a total value of $73,040.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $365,200. This trade represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.78% of the company's stock.

Institutional Investors Weigh In On Espey Mfg. & Electronics

A number of institutional investors have recently added to or reduced their stakes in ESP. Citadel Advisors LLC lifted its position in shares of Espey Mfg. & Electronics by 10.0% during the 4th quarter. Citadel Advisors LLC now owns 8,299 shares of the company's stock worth $250,000 after buying an additional 756 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Espey Mfg. & Electronics by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,112 shares of the company's stock valued at $757,000 after acquiring an additional 1,205 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Espey Mfg. & Electronics during the first quarter worth $56,000. Secure Asset Management LLC boosted its position in Espey Mfg. & Electronics by 37.9% in the first quarter. Secure Asset Management LLC now owns 9,195 shares of the company's stock worth $249,000 after purchasing an additional 2,528 shares during the last quarter. Finally, De Lisle Partners LLP boosted its position in Espey Mfg. & Electronics by 11.1% in the first quarter. De Lisle Partners LLP now owns 50,023 shares of the company's stock worth $1,351,000 after purchasing an additional 5,000 shares during the last quarter. 36.65% of the stock is owned by institutional investors.

Espey Mfg. & Electronics Price Performance

Shares of NYSEAMERICAN ESP traded up $1.87 during trading on Wednesday, hitting $39.87. 101,681 shares of the company traded hands, compared to its average volume of 16,975. The firm has a market cap of $111.64 million, a price-to-earnings ratio of 16.27 and a beta of 0.13. The firm has a fifty day moving average of $31.69. Espey Mfg. & Electronics has a fifty-two week low of $20.20 and a fifty-two week high of $40.83.

Espey Mfg. & Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Friday, March 21st. Espey Mfg. & Electronics's dividend payout ratio (DPR) is presently 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.

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