Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Sees Large Growth in Short Interest

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,700 shares, an increase of 23.9% from the February 28th total of 4,600 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 14,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Espey Mfg. & Electronics

Several hedge funds have recently added to or reduced their stakes in ESP. Arrowstreet Capital Limited Partnership bought a new stake in Espey Mfg. & Electronics during the fourth quarter worth approximately $1,866,000. Flagship Harbor Advisors LLC bought a new stake in shares of Espey Mfg. & Electronics in the 4th quarter worth $500,000. EAM Investors LLC bought a new stake in shares of Espey Mfg. & Electronics in the 4th quarter worth $462,000. Dimensional Fund Advisors LP lifted its holdings in shares of Espey Mfg. & Electronics by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,063 shares of the company’s stock valued at $3,047,000 after buying an additional 11,743 shares during the period. Finally, American Century Companies Inc. bought a new position in Espey Mfg. & Electronics during the fourth quarter valued at about $258,000. Institutional investors own 36.65% of the company’s stock.

Espey Mfg. & Electronics Stock Up 0.5 %

NYSEAMERICAN:ESP traded up $0.13 during mid-day trading on Wednesday, hitting $27.53. The stock had a trading volume of 10,150 shares, compared to its average volume of 15,364. Espey Mfg. & Electronics has a 52 week low of $20.20 and a 52 week high of $33.00. The company has a market cap of $77.08 million, a PE ratio of 11.24 and a beta of 0.13.

Espey Mfg. & Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Friday, March 21st. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.

About Espey Mfg. & Electronics

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.