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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 4,600 shares, a growth of 35.3% from the December 15th total of 3,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is presently 0.2 days.

Espey Mfg. & Electronics Stock Up 2.7 %

ESP stock traded up $0.76 during midday trading on Thursday, hitting $29.25. 5,436 shares of the company's stock were exchanged, compared to its average volume of 11,134. The company has a market capitalization of $81.61 million, a PE ratio of 11.89 and a beta of 0.15. Espey Mfg. & Electronics has a 12-month low of $17.97 and a 12-month high of $33.00.

Espey Mfg. & Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.42%. Espey Mfg. & Electronics's dividend payout ratio (DPR) is presently 40.65%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Espey Mfg. & Electronics from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ESP. Renaissance Technologies LLC raised its holdings in shares of Espey Mfg. & Electronics by 3.7% during the second quarter. Renaissance Technologies LLC now owns 111,512 shares of the company's stock valued at $2,370,000 after acquiring an additional 4,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Espey Mfg. & Electronics by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company's stock valued at $1,841,000 after purchasing an additional 1,591 shares during the last quarter. De Lisle Partners LLP lifted its position in shares of Espey Mfg. & Electronics by 7.5% in the third quarter. De Lisle Partners LLP now owns 43,114 shares of the company's stock worth $1,298,000 after buying an additional 3,000 shares during the last quarter. Ellsworth Advisors LLC boosted its position in Espey Mfg. & Electronics by 5.1% during the fourth quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company's stock worth $760,000 after purchasing an additional 1,234 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Espey Mfg. & Electronics by 55.3% during the 3rd 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 period. 36.65% of the stock is currently owned by institutional investors.

About Espey Mfg. & Electronics

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.