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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 4,159 shares, a decrease of 12.6% from the February 12th total of 4,759 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 24,603 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 24,603 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Freedom Capital upgraded shares of Espey Mfg. & Electronics to a “strong-buy” rating in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Espey Mfg. & Electronics Trading Down 0.1%

Shares of Espey Mfg. & Electronics stock opened at $55.75 on Thursday. The stock’s fifty day simple moving average is $55.11 and its 200 day simple moving average is $46.44. The company has a market capitalization of $165.02 million, a PE ratio of 16.25 and a beta of 0.15. Espey Mfg. & Electronics has a 12 month low of $24.85 and a 12 month high of $62.15.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last announced its earnings results on Tuesday, February 10th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.76 by $0.23. The firm had revenue of $12.14 million for the quarter, compared to the consensus estimate of $12.40 million. Espey Mfg. & Electronics had a net margin of 23.37% and a return on equity of 19.09%.

Espey Mfg. & Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, March 20th. Espey Mfg. & Electronics’s dividend payout ratio is 40.82%.

Insider Buying and Selling at Espey Mfg. & Electronics

In other Espey Mfg. & Electronics news, CEO David A. Oneil sold 8,856 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $50.00, for a total transaction of $442,800.00. Following the transaction, the chief executive officer owned 16,250 shares in the company, valued at approximately $812,500. This trade represents a 35.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Wool sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $57.90, for a total value of $57,900.00. Following the transaction, the director owned 17,400 shares of the company’s stock, valued at $1,007,460. The trade was a 5.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,498 shares of company stock valued at $862,752. 5.54% of the stock is currently owned by company insiders.

Institutional Trading of Espey Mfg. & Electronics

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Espey Mfg. & Electronics by 356.3% during the second quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock worth $56,000 after buying an additional 962 shares during the period. BNP Paribas Financial Markets acquired a new stake in Espey Mfg. & Electronics in the 3rd quarter valued at approximately $67,000. JPMorgan Chase & Co. lifted its stake in Espey Mfg. & Electronics by 56,588.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock valued at $202,000 after acquiring an additional 5,093 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in Espey Mfg. & Electronics in the 2nd quarter valued at approximately $211,000. Finally, Man Group plc acquired a new position in Espey Mfg. & Electronics during the 3rd quarter worth approximately $226,000. 36.65% of the stock is currently owned by institutional investors.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.