56,247 Shares in Espey Mfg. & Electronics Corp. $ESP Purchased by De Lisle Partners LLP

De Lisle Partners LLP acquired a new position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 56,247 shares of the company’s stock, valued at approximately $3,777,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of Espey Mfg. & Electronics by 356.3% during the 2nd quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock worth $56,000 after purchasing an additional 962 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Espey Mfg. & Electronics in the third quarter valued at approximately $67,000. Deutsche Bank AG acquired a new stake in shares of Espey Mfg. & Electronics in the second quarter valued at approximately $156,000. JPMorgan Chase & Co. boosted its stake in shares of Espey Mfg. & Electronics by 56,588.9% in the third quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock valued at $202,000 after buying an additional 5,093 shares during the period. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Espey Mfg. & Electronics in the second quarter valued at approximately $211,000. Institutional investors own 36.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Freedom Capital lowered Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Espey Mfg. & Electronics has an average rating of “Hold”.

Insider Activity

In other news, Director Paul J. Corr sold 2,550 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $65.89, for a total value of $168,019.50. Following the sale, the director directly owned 20,439 shares in the company, valued at approximately $1,346,725.71. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carl Helmetag sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director owned 23,169 shares in the company, valued at $1,474,938.54. This represents a 4.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,550 shares of company stock valued at $558,454 in the last three months. Company insiders own 5.54% of the company’s stock.

Espey Mfg. & Electronics Stock Up 4.0%

Shares of Espey Mfg. & Electronics stock opened at $64.78 on Friday. Espey Mfg. & Electronics Corp. has a 12-month low of $36.00 and a 12-month high of $74.77. The company has a market capitalization of $194.34 million, a price-to-earnings ratio of 17.09 and a beta of 0.35. The firm’s 50-day moving average price is $61.60 and its two-hundred day moving average price is $60.53.

Espey Mfg. & Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.