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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 5,700 shares, a growth of 23.9% from the February 28th total of 4,600 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 14,200 shares, the days-to-cover ratio is currently 0.4 days.

Espey Mfg. & Electronics Price Performance

Shares of ESP traded up $0.27 on Tuesday, reaching $27.40. The company’s stock had a trading volume of 3,567 shares, compared to its average volume of 15,385. Espey Mfg. & Electronics has a twelve month low of $20.20 and a twelve month high of $33.00. The firm has a market capitalization of $76.72 million, a PE ratio of 11.18 and a beta of 0.13.

Espey Mfg. & Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, March 21st. Espey Mfg. & Electronics’s payout ratio is 40.82%.

Hedge Funds Weigh In On Espey Mfg. & Electronics

Several hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Espey Mfg. & Electronics during the 4th quarter worth $500,000. Geode Capital Management LLC increased its holdings in Espey Mfg. & Electronics by 55.3% during the third quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock worth $719,000 after buying an additional 8,511 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Espey Mfg. & Electronics in the fourth quarter worth about $211,000. Ellsworth Advisors LLC boosted its stake in Espey Mfg. & Electronics by 5.1% in the fourth quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock valued at $760,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in shares of Espey Mfg. & Electronics by 10.0% during the 4th quarter. Citadel Advisors LLC now owns 8,299 shares of the company’s stock valued at $250,000 after acquiring an additional 756 shares during the period. Institutional investors own 36.65% of the company’s stock.

Espey Mfg. & Electronics Company Profile

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.