Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Stock Position Lowered by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC lessened its position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 14.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,126 shares of the company’s stock after selling 1,656 shares during the quarter. Morgan Dempsey Capital Management LLC owned approximately 0.36% of Espey Mfg. & Electronics worth $305,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. De Lisle Partners LLP lifted its position in shares of Espey Mfg. & Electronics by 7.5% in the 3rd quarter. De Lisle Partners LLP now owns 43,114 shares of the company’s stock valued at $1,298,000 after acquiring an additional 3,000 shares in the last quarter. Ellsworth Advisors LLC lifted its position in shares of Espey Mfg. & Electronics by 5.1% in the 4th quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock valued at $760,000 after acquiring an additional 1,234 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Espey Mfg. & Electronics by 55.3% in the 3rd quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock valued at $719,000 after acquiring an additional 8,511 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Espey Mfg. & Electronics in the 4th quarter worth approximately $500,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Espey Mfg. & Electronics Price Performance

ESP stock opened at $26.82 on Friday. Espey Mfg. & Electronics Corp. has a 12-month low of $20.20 and a 12-month high of $33.00. The company has a market capitalization of $75.10 million, a price-to-earnings ratio of 10.95 and a beta of 0.13.

Espey Mfg. & Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were given a $0.25 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.73%. Espey Mfg. & Electronics’s payout ratio is 40.82%.

Espey Mfg. & Electronics Profile

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.