Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Announces $0.75 Special Dividend

Key Points

• Espey Mfg. & Electronics Corp. announced a special dividend of $0.75 per share, payable on September 26th to shareholders of record as of September 19th.
• The company's current market capitalization is approximately $139.29 million and its shares have fluctuated between a 52-week low of $22.50 and a high of $52.68.
• Institutional ownership represents 36.65% of the stock, with notable increases in stakes from several hedge funds and investment firms in recent quarters.

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) declared a special dividend on Monday, September 8th. Shareholders of record on Friday, September 19th will be given a dividend of 0.75 per share on Friday, September 26th. This represents a yield of 204.0%. The ex-dividend date of this dividend is Friday, September 19th.

Espey Mfg. & Electronics Stock Performance

NYSEAMERICAN ESP traded down $0.69 on Monday, hitting $51.85. The stock had a trading volume of 25,688 shares, compared to its average volume of 21,669. The business has a fifty day moving average of $47.49. Espey Mfg. & Electronics has a 52-week low of $22.50 and a 52-week high of $55.00. The company has a market capitalization of $146.73 million, a PE ratio of 19.35 and a beta of 0.16.

Hedge Funds Weigh In On Espey Mfg. & Electronics

Institutional investors and hedge funds have recently bought and sold shares of the company. De Lisle Partners LLP grew its holdings in shares of Espey Mfg. & Electronics by 11.1% during the first quarter. De Lisle Partners LLP now owns 50,023 shares of the company's stock valued at $1,351,000 after buying an additional 5,000 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in Espey Mfg. & Electronics in the first quarter valued at $56,000. Secure Asset Management LLC boosted its holdings 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 valued at $249,000 after purchasing an additional 2,528 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Espey Mfg. & Electronics by 10.0% in the fourth quarter. Citadel Advisors LLC now owns 8,299 shares of the company's stock valued at $250,000 after purchasing an additional 756 shares during the last quarter. 36.65% of the stock is owned by hedge funds and other institutional investors.

Espey Mfg. & Electronics Company 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.