De Lisle Partners LLP Purchases 3,000 Shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

De Lisle Partners LLP boosted its position in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 7.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,114 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. De Lisle Partners LLP’s holdings in Espey Mfg. & Electronics were worth $1,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ESP. Ellsworth Advisors LLC purchased a new position in shares of Espey Mfg. & Electronics during the second quarter valued at approximately $476,000. Morgan Dempsey Capital Management LLC purchased a new position in Espey Mfg. & Electronics during the 2nd quarter valued at $113,000. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 1,591 shares during the period. Renaissance Technologies LLC grew its position in Espey Mfg. & Electronics by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock valued at $2,370,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Secure Asset Management LLC purchased a new stake in Espey Mfg. & Electronics in the third quarter worth $219,000. 36.65% of the stock is owned by hedge funds and other institutional investors.

Espey Mfg. & Electronics Stock Down 1.2 %

Shares of NYSEAMERICAN ESP opened at $30.02 on Thursday. Espey Mfg. & Electronics Corp. has a 52-week low of $16.95 and a 52-week high of $33.00. The company has a market capitalization of $83.76 million, a P/E ratio of 12.18 and a beta of 0.15.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last issued its earnings results on Friday, September 27th. The company reported $0.73 earnings per share for the quarter. The business had revenue of $11.61 million during the quarter. Espey Mfg. & Electronics had a return on equity of 15.66% and a net margin of 15.56%.

Espey Mfg. & Electronics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 20th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.33%. This is a boost from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, September 20th. Espey Mfg. & Electronics’s dividend payout ratio is presently 40.65%.

Insider Buying and Selling at Espey Mfg. & Electronics

In other news, insider Peggy A. Murphy sold 1,353 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $29.50, for a total value of $39,913.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Espey Mfg. & Electronics Company Profile

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.