Arrowstreet Capital Limited Partnership Takes Position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

Arrowstreet Capital Limited Partnership bought a new stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 61,879 shares of the company's stock, valued at approximately $1,866,000. Arrowstreet Capital Limited Partnership owned 2.22% of Espey Mfg. & Electronics at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in shares of Espey Mfg. & Electronics during the 4th quarter worth approximately $500,000. American Century Companies Inc. purchased a new position in Espey Mfg. & Electronics in the fourth quarter worth $258,000. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 8,511 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Espey Mfg. & Electronics during the 4th quarter valued at $211,000. Finally, Ellsworth Advisors LLC boosted its position in shares of Espey Mfg. & Electronics by 5.1% in the 4th quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company's stock worth $760,000 after purchasing an additional 1,234 shares in the last quarter. 36.65% of the stock is currently owned by institutional investors.

Espey Mfg. & Electronics Price Performance

ESP stock traded down $0.12 on Wednesday, hitting $29.12. 2,147 shares of the company's stock were exchanged, compared to its average volume of 15,735. Espey Mfg. & Electronics Corp. has a 12-month low of $20.20 and a 12-month high of $33.00. The company has a market cap of $81.52 million, a price-to-earnings ratio of 11.85 and a beta of 0.13.

Espey Mfg. & Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Friday, March 21st. Espey Mfg. & Electronics's payout ratio is currently 40.82%.

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.