Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Insider Sells $29,929.20 in Stock

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) insider Peggy A. Murphy sold 1,018 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $29.40, for a total transaction of $29,929.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Peggy A. Murphy also recently made the following trade(s):

• On Friday, October 4th, Peggy A. Murphy sold 1,353 shares of Espey Mfg. & Electronics stock. The stock was sold at an average price of $29.50, for a total transaction of $39,913.50.

Espey Mfg. & Electronics Trading Up 2.0 %

ESP opened at $31.61 on Friday. The firm has a market capitalization of $86.61 million, a price-to-earnings ratio of 13.80 and a beta of 0.15. Espey Mfg. & Electronics Corp. has a twelve month low of $14.69 and a twelve month high of $32.00.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last posted its earnings results on Friday, September 27th. The company reported $0.73 earnings per share for the quarter. The company had revenue of $11.61 million for the quarter. Espey Mfg. & Electronics had a net margin of 15.01% and a return on equity of 14.95%.

Espey Mfg. & Electronics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were given a dividend of $0.25 per share. This is an increase from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.16%. Espey Mfg. & Electronics’s dividend payout ratio is currently 43.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ESP. Ellsworth Advisors LLC acquired a new stake in Espey Mfg. & Electronics in the 2nd quarter worth about $476,000. Morgan Dempsey Capital Management LLC bought a new stake in Espey Mfg. & Electronics during the 2nd quarter worth approximately $113,000. Renaissance Technologies LLC lifted its position in shares of Espey Mfg. & Electronics by 3.7% in the 2nd 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 period. Perritt Capital Management Inc. increased its position in shares of Espey Mfg. & Electronics by 66.7% during the first quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock worth $139,000 after buying an additional 2,201 shares during the period. Finally, Dimensional Fund Advisors LP increased its position 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 worth $1,841,000 after buying an additional 1,591 shares during the period. Institutional investors own 36.65% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Espey Mfg. & Electronics in a research report on Saturday, October 5th. They set a “strong-buy” rating on the stock.

About Espey Mfg. & Electronics

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.