Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Sees Significant Decline in Short Interest

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

Analyst Ratings Changes

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 Trading of Espey Mfg. & Electronics

A number of hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC raised its position in 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 buying an additional 756 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Espey Mfg. & Electronics by 13.1% in 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 during the last quarter. EAM Investors LLC bought a new stake in shares of Espey Mfg. & Electronics during the 4th quarter worth $462,000. Geode Capital Management LLC grew its position in shares of 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 during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Espey Mfg. & Electronics in the 4th quarter worth approximately $1,866,000. 36.65% of the stock is owned by hedge funds and other institutional investors.

Espey Mfg. & Electronics Stock Up 1.5 %

NYSEAMERICAN:ESP traded up $0.38 during mid-day trading on Wednesday, reaching $26.08. 2,549 shares of the stock were exchanged, compared to its average volume of 15,020. Espey Mfg. & Electronics has a 1-year low of $20.20 and a 1-year high of $33.00. The firm has a market cap of $73.02 million, a P/E ratio of 10.64 and a beta of 0.13.

Espey Mfg. & Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, December 20th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is presently 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.