Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 17,700 shares, agrowthof70.2% from the June 30th total of 10,400 shares. Approximately0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,600 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 28,600 shares, the days-to-cover ratio is presently 0.6 days. Approximately0.8% of the shares of the stock are sold short.
Insider Transactions at Espey Mfg. & Electronics
In other Espey Mfg. & Electronics news, CEO David A. Oneil sold 2,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $36.52, for a total value of $73,040.00. Following the completion of the sale, the chief executive officer owned 10,000 shares in the company, valued at approximately $365,200. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Wool sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $35.49, for a total transaction of $56,784.00. Following the sale, the director owned 14,900 shares of the company's stock, valued at $528,801. This represents a 9.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.78% of the company's stock.
Institutional Trading of Espey Mfg. & Electronics
Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC grew its stake in Espey Mfg. & Electronics by 10.0% during the fourth quarter. Citadel Advisors LLC now owns 8,299 shares of the company's stock worth $250,000 after buying an additional 756 shares during the period. Geode Capital Management LLC boosted its stake in shares of Espey Mfg. & Electronics by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 25,112 shares of the company's stock valued at $757,000 after purchasing an additional 1,205 shares during the period. Copeland Capital Management LLC purchased a new position in shares of Espey Mfg. & Electronics in the first quarter valued at $56,000. Secure Asset Management LLC boosted its stake in shares of Espey Mfg. & Electronics by 37.9% in the first quarter. Secure Asset Management LLC now owns 9,195 shares of the company's stock valued at $249,000 after purchasing an additional 2,528 shares during the period. Finally, De Lisle Partners LLP boosted its stake in shares of Espey Mfg. & Electronics by 11.1% in the first quarter. De Lisle Partners LLP now owns 50,023 shares of the company's stock valued at $1,351,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 36.65% of the company's stock.
Espey Mfg. & Electronics Stock Performance
Shares of ESP traded up $0.07 during midday trading on Friday, reaching $43.03. The stock had a trading volume of 22,296 shares, compared to its average volume of 33,294. The business has a fifty day moving average price of $44.85. Espey Mfg. & Electronics has a 1-year low of $20.50 and a 1-year high of $52.68. The firm has a market capitalization of $121.77 million, a P/E ratio of 16.06 and a beta of 0.11.
Espey Mfg. & Electronics Company Profile
(
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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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