Man Group plc Buys Shares of 12,349 Espey Mfg. & Electronics Corp. $ESP

Man Group plc bought a new stake in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,349 shares of the company’s stock, valued at approximately $832,000. Man Group plc owned 0.41% of Espey Mfg. & Electronics at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ESP. First Trust Advisors LP grew its position in Espey Mfg. & Electronics by 6.3% in the 4th quarter. First Trust Advisors LP now owns 6,866 shares of the company’s stock valued at $324,000 after buying an additional 404 shares during the last quarter. XTX Topco Ltd raised its position in Espey Mfg. & Electronics by 12.7% during the 4th quarter. XTX Topco Ltd now owns 5,871 shares of the company’s stock worth $277,000 after buying an additional 660 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Espey Mfg. & Electronics by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 24,692 shares of the company’s stock worth $1,165,000 after acquiring an additional 745 shares during the period. Naples Global Advisors LLC boosted its holdings in shares of Espey Mfg. & Electronics by 6.9% in the fourth quarter. Naples Global Advisors LLC now owns 14,441 shares of the company’s stock valued at $681,000 after acquiring an additional 932 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Espey Mfg. & Electronics by 356.3% in the second quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock valued at $56,000 after acquiring an additional 962 shares in the last quarter. 36.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Freedom Capital cut shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Espey Mfg. & Electronics currently has an average rating of “Hold”.

Insider Buying and Selling

In related news, Director Carl Helmetag sold 1,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the transaction, the director owned 23,169 shares of the company’s stock, valued at approximately $1,474,938.54. This represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David A. Oneil sold 2,500 shares of Espey Mfg. & Electronics stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $67.71, for a total value of $169,275.00. Following the sale, the chief executive officer owned 13,750 shares in the company, valued at $931,012.50. This represents a 15.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 8,550 shares of company stock valued at $558,454. Insiders own 5.54% of the company’s stock.

Espey Mfg. & Electronics Stock Up 0.9%

Shares of ESP opened at $62.56 on Friday. Espey Mfg. & Electronics Corp. has a 52-week low of $36.00 and a 52-week high of $74.77. The company has a 50-day simple moving average of $61.57 and a 200-day simple moving average of $60.95. The company has a market capitalization of $187.68 million, a PE ratio of 16.51 and a beta of 0.37.

About Espey Mfg. & Electronics

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.