Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Issues Earnings Results

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) announced its quarterly earnings results on Wednesday. The company reported $0.76 EPS for the quarter, FiscalAI reports. Espey Mfg. & Electronics had a net margin of 18.53% and a return on equity of 17.65%. The company had revenue of $9.09 million for the quarter.

Espey Mfg. & Electronics Trading Up 0.7%

NYSEAMERICAN:ESP traded up $0.25 during mid-day trading on Thursday, hitting $38.00. The company’s stock had a trading volume of 9,477 shares, compared to its average volume of 23,302. The company has a market capitalization of $111.34 million, a price-to-earnings ratio of 12.67 and a beta of 0.17. Espey Mfg. & Electronics has a fifty-two week low of $24.85 and a fifty-two week high of $55.00. The stock has a fifty day moving average of $40.98 and a 200-day moving average of $41.79.

Espey Mfg. & Electronics Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 19th were paid a $0.75 dividend. The ex-dividend date was Friday, September 19th. This represents a dividend yield of 217.0%. Espey Mfg. & Electronics’s dividend payout ratio is currently 40.82%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

An institutional investor recently raised its position in Espey Mfg. & Electronics stock. De Lisle Partners LLP lifted its stake in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 11.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,023 shares of the company’s stock after purchasing an additional 5,000 shares during the period. De Lisle Partners LLP owned 1.79% of Espey Mfg. & Electronics worth $1,351,000 at the end of the most recent quarter. 36.65% of the stock is owned by hedge funds and other 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.