Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Short Interest Down 16.0% in February

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 4,200 shares, a drop of 16.0% from the January 31st total of 5,000 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 18,200 shares, the short-interest ratio is currently 0.2 days.

Espey Mfg. & Electronics Stock Performance

Shares of Espey Mfg. & Electronics stock traded up $0.24 on Friday, reaching $26.45. 1,161 shares of the company’s stock were exchanged, compared to its average volume of 11,249. The stock has a market capitalization of $74.05 million, a price-to-earnings ratio of 10.79 and a beta of 0.13. Espey Mfg. & Electronics has a 52 week low of $20.20 and a 52 week high of $33.00.

Espey Mfg. & Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, December 20th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is currently 40.82%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ESP. Citadel Advisors LLC increased its position in shares of Espey Mfg. & Electronics by 10.0% during the fourth quarter. Citadel Advisors LLC now owns 8,299 shares of the company’s stock valued at $250,000 after acquiring an additional 756 shares during the last quarter. Geode Capital Management LLC raised its stake in Espey Mfg. & Electronics by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 25,112 shares of the company’s stock valued at $757,000 after purchasing an additional 1,205 shares in the last quarter. Ellsworth Advisors LLC lifted its stake in Espey Mfg. & Electronics by 5.1% during the fourth 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 last quarter. De Lisle Partners LLP raised its stake in shares of Espey Mfg. & Electronics by 7.5% during the third quarter. De Lisle Partners LLP now owns 43,114 shares of the company’s stock worth $1,298,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in Espey Mfg. & Electronics in the fourth quarter worth $211,000. 36.65% of the stock is owned by institutional investors and hedge funds.

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.