Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Short Interest Update

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 5,700 shares, an increase of 23.9% from the February 28th total of 4,600 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is currently 0.4 days.

Espey Mfg. & Electronics Stock Up 0.5 %

Shares of NYSEAMERICAN ESP opened at $27.53 on Thursday. The firm has a market capitalization of $77.08 million, a price-to-earnings ratio of 11.24 and a beta of 0.13. Espey Mfg. & Electronics has a fifty-two week low of $20.20 and a fifty-two week high of $33.00.

Espey Mfg. & Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.63%. Espey Mfg. & Electronics’s payout ratio is 40.82%.

Hedge Funds Weigh In On Espey Mfg. & Electronics

Several hedge funds have recently bought and sold shares of ESP. Flagship Harbor Advisors LLC bought a new position in shares of Espey Mfg. & Electronics in the 4th quarter valued at $500,000. Geode Capital Management LLC grew its position in Espey Mfg. & Electronics by 55.3% in the third quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock valued at $719,000 after acquiring an additional 8,511 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Espey Mfg. & Electronics in the fourth quarter valued at about $211,000. Ellsworth Advisors LLC raised its stake in Espey Mfg. & Electronics by 5.1% during the fourth quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock worth $760,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Espey Mfg. & Electronics by 10.0% in the fourth quarter. Citadel Advisors LLC now owns 8,299 shares of the company’s stock worth $250,000 after acquiring an additional 756 shares during the last quarter. 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.