EAM Investors LLC bought a new stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,313 shares of the company's stock, valued at approximately $462,000. EAM Investors LLC owned 0.55% of Espey Mfg. & Electronics at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership purchased a new position in shares of Espey Mfg. & Electronics during the 4th quarter valued at about $1,866,000. Ellsworth Advisors LLC raised its stake in Espey Mfg. & Electronics by 5.1% during the 4th quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company's stock worth $760,000 after acquiring an additional 1,234 shares during the period. Geode Capital Management LLC lifted its holdings in Espey Mfg. & Electronics by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,112 shares of the company's stock valued at $757,000 after purchasing an additional 1,205 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Espey Mfg. & Electronics in the fourth quarter worth approximately $500,000. Finally, American Century Companies Inc. purchased a new stake in shares of Espey Mfg. & Electronics in the fourth quarter worth $258,000. 36.65% of the stock is owned by hedge funds and other institutional investors.
Espey Mfg. & Electronics Stock Performance
Shares of ESP traded down $1.16 during trading hours on Friday, reaching $29.12. 15,125 shares of the stock traded hands, compared to its average volume of 15,840. The stock has a market cap of $81.54 million, a price-to-earnings ratio of 11.89 and a beta of 0.13. Espey Mfg. & Electronics Corp. has a 52-week low of $20.20 and a 52-week high of $33.00.
Espey Mfg. & Electronics Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were given a dividend of $0.25 per share. 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 dividend payout ratio is currently 40.82%.
About Espey Mfg. & Electronics
(
Free Report)
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.
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