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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 21,400 shares, a growth of 31.3% from the July 31st total of 16,300 shares. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is presently 0.7 days.

Espey Mfg. & Electronics Stock Down 0.2%

Espey Mfg. & Electronics stock opened at $49.12 on Thursday. The company has a fifty day moving average of $47.33. Espey Mfg. & Electronics has a 1 year low of $22.50 and a 1 year high of $52.68. The firm has a market cap of $139.01 million, a PE ratio of 18.33 and a beta of 0.16.

Espey Mfg. & Electronics Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 19th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a dividend yield of 204.0%. Espey Mfg. & Electronics’s payout ratio is currently 40.82%.

Institutional Trading of Espey Mfg. & Electronics

A number of institutional investors have recently made changes to their positions in ESP. Dimensional Fund Advisors LP boosted its stake in shares of Espey Mfg. & Electronics by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,063 shares of the company’s stock worth $3,047,000 after acquiring an additional 11,743 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Espey Mfg. & Electronics by 10.0% in the fourth quarter. Citadel Advisors LLC now owns 8,299 shares of the company’s stock worth $250,000 after acquiring an additional 756 shares during the last quarter. Secure Asset Management LLC boosted its stake in shares of Espey Mfg. & Electronics by 37.9% in the first quarter. Secure Asset Management LLC now owns 9,195 shares of the company’s stock worth $249,000 after acquiring an additional 2,528 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Espey Mfg. & Electronics in the first quarter worth approximately $56,000. Finally, De Lisle Partners LLP boosted its stake in shares of Espey Mfg. & Electronics by 11.1% in the first quarter. De Lisle Partners LLP now owns 50,023 shares of the company’s stock worth $1,351,000 after acquiring an additional 5,000 shares during the last quarter. 36.65% of the stock is owned by institutional investors and hedge funds.

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.