Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Sees Significant Growth in Short Interest

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 4,600 shares, an increase of 35.3% from the December 31st total of 3,400 shares. Based on an average trading volume of 25,200 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Espey Mfg. & Electronics Price Performance

Shares of ESP stock opened at $28.47 on Friday. The company has a market capitalization of $79.43 million, a price-to-earnings ratio of 11.82 and a beta of 0.15. Espey Mfg. & Electronics has a 52 week low of $20.20 and a 52 week high of $33.00.

Espey Mfg. & Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. Espey Mfg. & Electronics’s dividend payout ratio is presently 40.65%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Espey Mfg. & Electronics from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 21st.

Hedge Funds Weigh In On Espey Mfg. & Electronics

Several large investors have recently bought and sold shares of ESP. Renaissance Technologies LLC lifted its holdings in Espey Mfg. & Electronics by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock valued at $2,370,000 after acquiring an additional 4,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Espey Mfg. & Electronics by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock valued at $1,841,000 after acquiring an additional 1,591 shares during the period. De Lisle Partners LLP lifted its position in shares of Espey Mfg. & Electronics by 7.5% in the 3rd quarter. De Lisle Partners LLP now owns 43,114 shares of the company’s stock valued at $1,298,000 after acquiring an additional 3,000 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in Espey Mfg. & Electronics by 5.1% in the 4th quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock worth $760,000 after purchasing an additional 1,234 shares during the period. Finally, Geode Capital Management LLC grew its position in Espey Mfg. & Electronics by 55.3% during the 3rd quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock worth $719,000 after purchasing an additional 8,511 shares in the last quarter. Institutional investors and hedge funds own 36.65% of the company’s stock.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.