Secure Asset Management LLC Sells 597 Shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

Secure Asset Management LLC cut its position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,667 shares of the company’s stock after selling 597 shares during the quarter. Secure Asset Management LLC owned approximately 0.24% of Espey Mfg. & Electronics worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESP. Ellsworth Advisors LLC raised its stake in Espey Mfg. & Electronics by 5.1% in the fourth quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock valued at $760,000 after buying an additional 1,234 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Espey Mfg. & Electronics by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock valued at $1,841,000 after purchasing an additional 1,591 shares during the last quarter. De Lisle Partners LLP boosted its stake in Espey Mfg. & Electronics by 7.5% in the 3rd quarter. De Lisle Partners LLP now owns 43,114 shares of the company’s stock worth $1,298,000 after purchasing an additional 3,000 shares in the last quarter. Renaissance Technologies LLC grew its position in Espey Mfg. & Electronics by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock worth $2,370,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Espey Mfg. & Electronics by 55.3% during the 3rd quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock valued at $719,000 after purchasing an additional 8,511 shares in the last quarter. Hedge funds and other institutional investors own 36.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Espey Mfg. & Electronics Trading Down 0.5 %

Shares of ESP stock opened at $29.09 on Friday. Espey Mfg. & Electronics Corp. has a fifty-two week low of $20.20 and a fifty-two week high of $33.00. The stock has a market capitalization of $81.16 million, a PE ratio of 11.83 and a beta of 0.15.

Espey Mfg. & Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, December 20th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is currently 40.65%.

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.