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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESPGet Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 5,600 shares, an increase of 55.6% from the January 15th total of 3,600 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com downgraded Espey Mfg. & Electronics from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 22nd.

View Our Latest Stock Report on Espey Mfg. & Electronics

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Espey Mfg. & Electronics by 8.6% during the 3rd quarter. Vanguard Group Inc. now owns 49,120 shares of the company’s stock worth $793,000 after acquiring an additional 3,901 shares during the period. Secure Asset Management LLC purchased a new position in Espey Mfg. & Electronics in the 3rd quarter valued at approximately $192,000. Royal Bank of Canada increased its stake in Espey Mfg. & Electronics by 24.8% in the 2nd quarter. Royal Bank of Canada now owns 12,090 shares of the company’s stock valued at $202,000 after purchasing an additional 2,400 shares in the last quarter. Renaissance Technologies LLC increased its stake in Espey Mfg. & Electronics by 14.7% in the 2nd quarter. Renaissance Technologies LLC now owns 99,712 shares of the company’s stock valued at $1,670,000 after purchasing an additional 12,800 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Espey Mfg. & Electronics by 19.6% in the 2nd quarter. BlackRock Inc. now owns 4,973 shares of the company’s stock valued at $83,000 after purchasing an additional 815 shares in the last quarter.

Espey Mfg. & Electronics Stock Performance

Shares of NYSEAMERICAN ESP opened at $23.25 on Tuesday. The firm has a market capitalization of $63.01 million, a P/E ratio of 14.35 and a beta of 0.14. The business has a 50-day simple moving average of $17.59. Espey Mfg. & Electronics has a fifty-two week low of $14.69 and a fifty-two week high of $23.49.

Espey Mfg. & Electronics (NYSEAMERICAN:ESPGet Free Report) last announced its quarterly earnings results on Monday, November 13th. The company reported $0.44 earnings per share for the quarter. Espey Mfg. & Electronics had a return on equity of 11.32% and a net margin of 11.27%. The company had revenue of $8.57 million during the quarter.

Espey Mfg. & Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 15th were issued a $0.15 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.58%. Espey Mfg. & Electronics’s dividend payout ratio is presently 37.04%.

About Espey Mfg. & Electronics

(Get Free Report)

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.

Further Reading

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