Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $28.16 and traded as high as $31.40. Espey Mfg. & Electronics shares last traded at $31.30, with a volume of 13,595 shares changing hands.
Espey Mfg. & Electronics Price Performance
The firm has a fifty day moving average of $28.53. The firm has a market capitalization of $102.10 million, a price-to-earnings ratio of 14.88 and a beta of 0.13.
Espey Mfg. & Electronics Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 annualized dividend and a yield of 2.74%. Espey Mfg. & Electronics's dividend payout ratio is presently 40.82%.
Hedge Funds Weigh In On Espey Mfg. & Electronics
A number of institutional investors have recently bought and sold shares of ESP. Copeland Capital Management LLC acquired a new stake in Espey Mfg. & Electronics during the 1st quarter worth about $56,000. Hillsdale Investment Management Inc. bought a new position in Espey Mfg. & Electronics in the 4th quarter worth approximately $211,000. Citadel Advisors LLC grew its holdings in Espey Mfg. & Electronics by 10.0% during the 4th quarter. Citadel Advisors LLC now owns 8,299 shares of the company's stock valued at $250,000 after buying an additional 756 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Espey Mfg. & Electronics during the 4th quarter valued at $258,000. Finally, Secure Asset Management LLC raised its position in shares of Espey Mfg. & Electronics by 37.9% during the 1st quarter. Secure Asset Management LLC now owns 9,195 shares of the company's stock valued at $249,000 after buying an additional 2,528 shares in the last quarter. Institutional investors and hedge funds own 36.65% of the company's stock.
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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