Flagship Harbor Advisors LLC Invests $500,000 in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

Flagship Harbor Advisors LLC purchased a new position in 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. The institutional investor purchased 16,592 shares of the company's stock, valued at approximately $500,000. Flagship Harbor Advisors LLC owned 0.59% of Espey Mfg. & Electronics at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ESP. Geode Capital Management LLC increased its holdings in shares of Espey Mfg. & Electronics by 55.3% in 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 during the last quarter. Secure Asset Management LLC purchased a new position in shares of Espey Mfg. & Electronics in the 3rd quarter worth approximately $219,000. Renaissance Technologies LLC increased its position in shares of Espey Mfg. & Electronics by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company's stock valued at $2,370,000 after purchasing an additional 4,000 shares during the last quarter. De Lisle Partners LLP raised its holdings in Espey Mfg. & Electronics by 7.5% during the 3rd quarter. De Lisle Partners LLP now owns 43,114 shares of the company's stock valued at $1,298,000 after buying an additional 3,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Espey Mfg. & Electronics by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company's stock valued at $1,841,000 after buying an additional 1,591 shares during the period. 36.65% of the stock is currently owned by institutional investors.

Espey Mfg. & Electronics Stock Up 0.6 %

NYSEAMERICAN:ESP traded up $0.18 during trading hours on Friday, reaching $28.47. The company's stock had a trading volume of 6,862 shares, compared to its average volume of 9,288. The company has a market capitalization of $79.43 million, a price-to-earnings ratio of 11.57 and a beta of 0.15. Espey Mfg. & Electronics Corp. has a 12 month low of $20.20 and a 12 month high of $33.00.

Espey Mfg. & Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.51%. Espey Mfg. & Electronics's dividend payout ratio (DPR) is presently 40.65%.

Analyst Upgrades and Downgrades

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

Espey Mfg. & Electronics Profile

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.