Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Espey Mfg. & Electronics (NYSEAMERICAN:ESP) in a report issued on Tuesday. The brokerage issued a buy rating on the stock.

Espey Mfg. & Electronics Trading Up 3.3 %

Shares of NYSEAMERICAN:ESP opened at $25.45 on Tuesday. Espey Mfg. & Electronics has a 1 year low of $14.69 and a 1 year high of $27.32. The company has a market capitalization of $69.48 million, a P/E ratio of 13.26 and a beta of 0.14.

Espey Mfg. & Electronics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 3.93%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 41.67%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Espey Mfg. & Electronics in the 2nd quarter valued at approximately $113,000. Perritt Capital Management Inc. lifted its stake in Espey Mfg. & Electronics by 66.7% in the 1st quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock valued at $139,000 after purchasing an additional 2,201 shares during the last quarter. Adirondack Trust Co. boosted its position in Espey Mfg. & Electronics by 7.2% in the first quarter. Adirondack Trust Co. now owns 6,373 shares of the company’s stock valued at $161,000 after buying an additional 426 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in shares of Espey Mfg. & Electronics during the second quarter worth $476,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Espey Mfg. & Electronics by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock worth $1,841,000 after buying an additional 1,591 shares in the last quarter. Institutional investors and hedge funds own 36.65% of the company’s stock.

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.