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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 5,000 shares, a growth of 72.4% from the January 15th total of 2,900 shares. Based on an average daily trading volume, of 22,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Espey Mfg. & Electronics

A number of large investors have recently made changes to their positions in ESP. Hillsdale Investment Management Inc. bought a new position in shares of Espey Mfg. & Electronics in the fourth quarter worth $211,000. Secure Asset Management LLC bought a new stake in Espey Mfg. & Electronics during the third quarter valued at $219,000. American Century Companies Inc. bought a new stake in Espey Mfg. & Electronics during the fourth quarter valued at $258,000. EAM Investors LLC bought a new stake in Espey Mfg. & Electronics during the fourth quarter valued at $462,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Espey Mfg. & Electronics during the fourth quarter valued at $500,000. 36.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Espey Mfg. & Electronics Price Performance

NYSEAMERICAN:ESP traded down $0.98 during trading hours on Friday, reaching $25.75. The stock had a trading volume of 28,228 shares, compared to its average volume of 8,002. Espey Mfg. & Electronics has a 12-month low of $20.20 and a 12-month high of $33.00. The company has a market capitalization of $71.84 million, a P/E ratio of 10.47 and a beta of 0.13.

Espey Mfg. & Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, December 20th. Espey Mfg. & Electronics’s payout ratio is currently 40.65%.

Espey Mfg. & Electronics Company Profile

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.