Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Espey Mfg. & Electronics (NYSEAMERICAN:ESP) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the stock.

Espey Mfg. & Electronics Stock Performance

ESP opened at $24.63 on Tuesday. Espey Mfg. & Electronics has a fifty-two week low of $14.69 and a fifty-two week high of $27.32. The company has a market cap of $67.24 million, a price-to-earnings ratio of 12.83 and a beta of 0.14.

Hedge Funds Weigh In On Espey Mfg. & Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in ESP. Morgan Dempsey Capital Management LLC bought a new position in Espey Mfg. & Electronics during the second quarter worth $113,000. Perritt Capital Management Inc. raised its position in shares of Espey Mfg. & Electronics by 66.7% in the 1st quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock worth $139,000 after acquiring an additional 2,201 shares in the last quarter. Adirondack Trust Co. raised its position in shares of Espey Mfg. & Electronics by 7.2% in the 1st quarter. Adirondack Trust Co. now owns 6,373 shares of the company’s stock worth $161,000 after acquiring an additional 426 shares in the last quarter. Ellsworth Advisors LLC acquired a new position in shares of Espey Mfg. & Electronics in the 2nd quarter valued at about $476,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Espey Mfg. & Electronics by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock valued at $1,841,000 after purchasing an additional 1,591 shares in the last quarter. 36.65% of the stock is owned by institutional investors and hedge funds.

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.