Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Short Interest Update

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 5,700 shares, a growth of 23.9% from the February 28th total of 4,600 shares. Based on an average daily volume of 14,200 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Espey Mfg. & Electronics

A number of institutional investors have recently bought and sold shares of ESP. Dimensional Fund Advisors LP grew its position in Espey Mfg. & Electronics by 13.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 101,063 shares of the company’s stock worth $3,047,000 after purchasing an additional 11,743 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Espey Mfg. & Electronics during the fourth quarter valued at $1,866,000. Ellsworth Advisors LLC grew its holdings in shares of Espey Mfg. & Electronics by 5.1% during the fourth quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock valued at $760,000 after buying an additional 1,234 shares in the last quarter. Geode Capital Management LLC raised its position in Espey Mfg. & Electronics by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,112 shares of the company’s stock valued at $757,000 after buying an additional 1,205 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Espey Mfg. & Electronics in the 4th quarter worth about $500,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

Espey Mfg. & Electronics Stock Performance

Shares of NYSEAMERICAN ESP traded up $0.13 during trading on Wednesday, hitting $27.53. The company had a trading volume of 10,150 shares, compared to its average volume of 15,364. The stock has a market capitalization of $77.08 million, a P/E ratio of 11.24 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, March 28th. Investors of record on Friday, March 21st were given a $0.25 dividend. The ex-dividend date was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.63%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.

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.