Short Interest in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Grows By 35.3%

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 4,600 shares, an increase of 35.3% from the December 31st total of 3,400 shares. Based on an average daily volume of 25,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Espey Mfg. & Electronics Stock Down 0.9 %

Shares of Espey Mfg. & Electronics stock traded down $0.27 during trading hours on Thursday, hitting $28.82. The company’s stock had a trading volume of 2,695 shares, compared to its average volume of 9,868. The firm has a market cap of $80.39 million, a PE ratio of 11.71 and a beta of 0.15. Espey Mfg. & Electronics has a twelve month low of $20.20 and a twelve month high of $33.00.

Espey Mfg. & Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.47%. Espey Mfg. & Electronics’s payout ratio is currently 40.65%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ESP. Renaissance Technologies LLC boosted its holdings in Espey Mfg. & Electronics by 3.7% during 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 period. Dimensional Fund Advisors LP raised its stake in Espey Mfg. & Electronics by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock valued at $1,841,000 after buying an additional 1,591 shares in the last quarter. De Lisle Partners LLP lifted its position in shares of Espey Mfg. & Electronics by 7.5% during the 3rd quarter. De Lisle Partners LLP now owns 43,114 shares of the company’s stock worth $1,298,000 after buying an additional 3,000 shares during the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of Espey Mfg. & Electronics by 5.1% in the 4th quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock valued at $760,000 after buying an additional 1,234 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Espey Mfg. & Electronics by 55.3% in the 3rd quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock valued at $719,000 after buying an additional 8,511 shares during the last quarter. 36.65% of the stock is currently 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.