Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Espey Mfg. & Electronics Corp. shares fell below their 200-day moving average of $39.62, trading at $39.00, indicating a potential sell signal for investors.
• The company announced a special dividend of $0.75 per share, resulting in an impressive dividend yield of 217% for qualifying investors.
• Institutional investors own 36.65% of the stock, with notable stake increases by firms such as De Lisle Partners LLP and Secure Asset Management LLC during the first quarter.

Shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - ) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.62 and traded as low as $39.00. Espey Mfg. & Electronics shares last traded at $39.00, with a volume of 14,313 shares.

Espey Mfg. & Electronics Trading Down 1.5%

The stock has a market capitalization of $113.88 million, a P/E ratio of 13.00 and a beta of 0.17. The stock has a 50 day moving average of $45.44 and a 200-day moving average of $39.62.

Espey Mfg. & Electronics Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 19th were paid a dividend of $0.75 per share. This represents a dividend yield of 217.0%. The ex-dividend date of this dividend was Friday, September 19th. Espey Mfg. & Electronics's dividend payout ratio (DPR) is currently 40.82%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

A number of institutional investors and hedge funds have recently modified their holdings of the business. De Lisle Partners LLP lifted its stake in shares of Espey Mfg. & Electronics by 11.1% during the 1st quarter. De Lisle Partners LLP now owns 50,023 shares of the company's stock worth $1,351,000 after acquiring an additional 5,000 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of Espey Mfg. & Electronics during the 1st quarter worth approximately $56,000. Secure Asset Management LLC increased its holdings in Espey Mfg. & Electronics by 37.9% during the 1st 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 period. Finally, Citadel Advisors LLC increased 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 worth $250,000 after purchasing an additional 756 shares during the period. 36.65% of the stock is owned by 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.

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