Peggy A. Murphy Sells 1,353 Shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Stock

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) insider Peggy A. Murphy sold 1,353 shares of Espey Mfg. & Electronics stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $29.50, for a total value of $39,913.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Espey Mfg. & Electronics Price Performance

Shares of NYSEAMERICAN:ESP opened at $29.55 on Wednesday. The firm has a market cap of $80.67 million, a price-to-earnings ratio of 15.39 and a beta of 0.14. Espey Mfg. & Electronics Corp. has a 12-month low of $14.69 and a 12-month high of $32.00.

Espey Mfg. & Electronics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.38%. This is a boost from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20. Espey Mfg. & Electronics’s payout ratio is currently 52.08%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in shares of Espey Mfg. & Electronics by 3.7% in 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. Morgan Dempsey Capital Management LLC bought a new stake in shares of Espey Mfg. & Electronics in the second quarter worth $113,000. Dimensional Fund Advisors LP grew its holdings in shares of Espey Mfg. & Electronics by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock worth $1,841,000 after acquiring an additional 1,591 shares during the period. Ellsworth Advisors LLC bought a new stake in shares of Espey Mfg. & Electronics in the second quarter worth $476,000. Finally, Perritt Capital Management Inc. grew its holdings in shares of Espey Mfg. & Electronics by 66.7% in the first quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock worth $139,000 after acquiring an additional 2,201 shares during the period. Hedge funds and other institutional investors own 36.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Espey Mfg. & Electronics in a research report on Saturday. They set a “strong-buy” rating on the 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.