StockNews.com Initiates Coverage on Espey Mfg. & Electronics (NYSEAMERICAN:ESP)

Investment analysts at StockNews.com began coverage on shares of Espey Mfg. & Electronics (NYSEAMERICAN:ESP) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.

Espey Mfg. & Electronics Stock Performance

Shares of ESP stock opened at $23.99 on Monday. The company has a market cap of $65.49 million, a price-to-earnings ratio of 12.49 and a beta of 0.14. Espey Mfg. & Electronics has a 52 week low of $14.69 and a 52 week high of $27.32.

Hedge Funds Weigh In On Espey Mfg. & Electronics

Hedge funds have recently made changes to their positions in the business. Morgan Dempsey Capital Management LLC bought a new position in shares of Espey Mfg. & Electronics during the 2nd quarter worth approximately $113,000. Dimensional Fund Advisors LP grew its stake in shares of Espey Mfg. & Electronics by 1.9% in the second 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 in the last quarter. Renaissance Technologies LLC grew its stake in shares of Espey Mfg. & Electronics by 3.7% in the second quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock valued at $2,370,000 after buying an additional 4,000 shares in the last quarter. Ellsworth Advisors LLC bought a new position in shares of Espey Mfg. & Electronics in the second quarter valued at $476,000. Finally, Perritt Capital Management Inc. grew its stake in shares of Espey Mfg. & Electronics by 66.7% in the first quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock valued at $139,000 after buying an additional 2,201 shares in the last quarter. 36.65% of the stock is owned by institutional investors.

Espey Mfg. & Electronics Company 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.