Insider Selling: Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Insider Sells $157,500.00 in Stock

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) insider Jennifer Michele Pickering sold 2,500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $63.00, for a total value of $157,500.00. Following the transaction, the insider directly owned 2,500 shares of the company’s stock, valued at $157,500. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Espey Mfg. & Electronics Trading Down 1.6%

Shares of NYSEAMERICAN:ESP traded down $1.10 during trading on Tuesday, hitting $66.00. 26,884 shares of the company were exchanged, compared to its average volume of 27,288. Espey Mfg. & Electronics Corp. has a fifty-two week low of $36.00 and a fifty-two week high of $74.77. The stock has a market cap of $198 million, a price-to-earnings ratio of 17.41 and a beta of 0.36. The firm has a fifty day moving average price of $63.37 and a two-hundred day moving average price of $56.20.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.88 by $0.11. The company had revenue of $11.42 million during the quarter, compared to the consensus estimate of $13.20 million. Espey Mfg. & Electronics had a return on equity of 20.38% and a net margin of 25.50%.

Espey Mfg. & Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 15th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Espey Mfg. & Electronics’s payout ratio is currently 40.82%.

Analyst Upgrades and Downgrades

Separately, Freedom Capital downgraded shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in Espey Mfg. & Electronics by 356.3% during the 2nd quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock valued at $56,000 after purchasing an additional 962 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Espey Mfg. & Electronics in the third quarter valued at $67,000. Bridgeway Capital Management LLC acquired a new position in shares of Espey Mfg. & Electronics in the second quarter valued at $211,000. JPMorgan Chase & Co. raised its position in shares of Espey Mfg. & Electronics by 56,588.9% in the third quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock valued at $202,000 after purchasing an additional 5,093 shares during the period. Finally, GC Wealth Management RIA LLC bought a new position in shares of Espey Mfg. & Electronics in the fourth quarter valued at about $267,000. 36.65% of the stock is owned by institutional investors and hedge funds.

About Espey Mfg. & Electronics

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.