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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) announced a special dividend on Monday, September 8th. Investors of record on Friday, September 19th will be given a dividend of 0.75 per share on Friday, September 26th. The ex-dividend date is Friday, September 19th.

Espey Mfg. & Electronics Stock Performance

ESP stock opened at $49.22 on Wednesday. The stock’s 50 day simple moving average is $47.28. The stock has a market capitalization of $139.29 million, a PE ratio of 18.37 and a beta of 0.16. Espey Mfg. & Electronics has a fifty-two week low of $22.50 and a fifty-two week high of $52.68.

Institutional Investors Weigh In On Espey Mfg. & Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC lifted its stake 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 buying an additional 756 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Espey Mfg. & Electronics by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,063 shares of the company’s stock valued at $3,047,000 after buying an additional 11,743 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in Espey Mfg. & Electronics in the first quarter valued at approximately $56,000. Secure Asset Management LLC lifted its stake 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 buying an additional 2,528 shares during the last quarter. Finally, De Lisle Partners LLP lifted its stake in 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 buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 36.65% of the company’s stock.

About Espey Mfg. & Electronics

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.