Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Director Sells $56,784.00 in Stock

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Director Michael W. Wool sold 1,600 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $35.49, for a total transaction of $56,784.00. Following the completion of the transaction, the director now directly owns 14,900 shares of the company’s stock, valued at approximately $528,801. The trade was a 9.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Espey Mfg. & Electronics Price Performance

ESP traded down $0.26 on Monday, reaching $36.24. The stock had a trading volume of 39,003 shares, compared to its average volume of 16,084. The stock has a market cap of $101.47 million, a P/E ratio of 14.79 and a beta of 0.13. The firm’s 50-day moving average price is $28.96. Espey Mfg. & Electronics Corp. has a fifty-two week low of $20.20 and a fifty-two week high of $36.81.

Espey Mfg. & Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, March 21st. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is currently 40.82%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ESP. Copeland Capital Management LLC acquired a new stake in shares of Espey Mfg. & Electronics during the first quarter worth $56,000. Hillsdale Investment Management Inc. bought a new stake in Espey Mfg. & Electronics during the fourth quarter valued at $211,000. Secure Asset Management LLC grew 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 acquiring an additional 2,528 shares during the period. Citadel Advisors LLC raised its position in shares of Espey Mfg. & Electronics by 10.0% in the 4th quarter. Citadel Advisors LLC now owns 8,299 shares of the company’s stock worth $250,000 after acquiring an additional 756 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Espey Mfg. & Electronics in the 4th quarter valued at about $258,000. 36.65% of the stock is owned by institutional investors.

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.