Insider Selling: ESPEY MFG & ELECTRONICS (NYSE:ESP) CEO Sells 1,000 Shares of Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESPGet Free Report) CEO David Oneil sold 1,000 shares of ESPEY MFG & ELECTRONICS stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $43.50, for a total transaction of $43,500.00. Following the sale, the chief executive officer owned 20,431 shares of the company’s stock, valued at $888,748.50. The trade was a 4.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ESPEY MFG & ELECTRONICS Price Performance

Shares of NYSE:ESP traded down $1.08 during trading on Friday, reaching $42.99. 22,431 shares of the company were exchanged, compared to its average volume of 22,514. The business’s fifty day simple moving average is $39.18 and its 200-day simple moving average is $42.86. ESPEY MFG & ELECTRONICS CORP has a 12-month low of $24.85 and a 12-month high of $55.00. The firm has a market capitalization of $126.18 million, a PE ratio of 13.65 and a beta of 0.18.

Hedge Funds Weigh In On ESPEY MFG & ELECTRONICS

Several institutional investors have recently made changes to their positions in ESP. Two Sigma Investments LP purchased a new position in ESPEY MFG & ELECTRONICS during the 3rd quarter valued at about $1,047,000. SummerHaven Investment Management LLC purchased a new position in ESPEY MFG & ELECTRONICS during the third quarter valued at approximately $711,000. Marshall Wace LLP bought a new position in ESPEY MFG & ELECTRONICS in the second quarter worth approximately $591,000. Ritholtz Wealth Management purchased a new stake in ESPEY MFG & ELECTRONICS during the third quarter worth $356,000. Finally, Naples Global Advisors LLC lifted its holdings in ESPEY MFG & ELECTRONICS by 116.9% during the third quarter. Naples Global Advisors LLC now owns 13,509 shares of the company’s stock worth $535,000 after buying an additional 7,282 shares during the period. Hedge funds and other institutional investors own 36.65% of the company’s stock.

ESPEY MFG & ELECTRONICS Company Profile

(Get Free Report)

Espey Manufacturing & Electronics Corporation (NYSE: ESP) specializes in the design and production of precision wound components and power conversion solutions for demanding applications. The company’s core offerings include custom transformers, inductors, chokes and electromagnetic assemblies engineered to meet rigorous performance standards in defense, industrial, medical and renewable energy markets. By integrating advanced design tools with in-house manufacturing capabilities, Espey delivers tailored passive magnetic components that address electromagnetic compatibility, thermal management and size-weight constraints.

In addition to its wound component expertise, Espey provides a range of electromagnetic interference (EMI) filters, magnetics subassemblies and custom power supplies.

See Also

Insider Buying and Selling by Quarter for ESPEY MFG & ELECTRONICS (NYSE:ESP)

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