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

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

Institutional Investors Weigh In On Espey Mfg. & Electronics

A number of large investors have recently bought and sold shares of ESP. Renaissance Technologies LLC lifted its stake in Espey Mfg. & Electronics by 3.7% during the second quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock worth $2,370,000 after purchasing an additional 4,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Espey Mfg. & Electronics by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock worth $1,841,000 after purchasing an additional 1,591 shares during the last quarter. De Lisle Partners LLP increased its holdings 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 worth $1,298,000 after buying an additional 3,000 shares during the last quarter. Ellsworth Advisors LLC grew its position in Espey Mfg. & Electronics by 6.9% in the third quarter. Ellsworth Advisors LLC now owns 23,977 shares of the company’s stock worth $721,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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. 36.65% of the stock is currently owned by institutional investors and hedge funds.

Espey Mfg. & Electronics Trading Up 3.0 %

NYSEAMERICAN:ESP opened at $28.49 on Thursday. Espey Mfg. & Electronics has a fifty-two week low of $17.97 and a fifty-two week high of $33.00. The stock has a market cap of $79.49 million, a PE ratio of 11.58 and a beta of 0.15.

Espey Mfg. & Electronics Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.