Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Short Interest Up 35.3% in January

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 4,600 shares, a growth of 35.3% from the December 31st total of 3,400 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 25,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of Espey Mfg. & Electronics in the fourth quarter worth $500,000. Geode Capital Management LLC lifted its position 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 worth $719,000 after acquiring an additional 8,511 shares in the last quarter. Secure Asset Management LLC purchased a new position in Espey Mfg. & Electronics in the 3rd quarter worth approximately $219,000. Renaissance Technologies LLC boosted its holdings in Espey Mfg. & Electronics by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock worth $2,370,000 after acquiring an additional 4,000 shares during the period. Finally, De Lisle Partners LLP grew its position in Espey Mfg. & Electronics by 7.5% in the third 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. 36.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 Stock Performance

Shares of NYSEAMERICAN ESP opened at $28.47 on Friday. Espey Mfg. & Electronics has a 52 week low of $20.20 and a 52 week high of $33.00. The stock has a market capitalization of $79.43 million, a P/E ratio of 11.82 and a beta of 0.15.

Espey Mfg. & Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, December 20th. Espey Mfg. & Electronics’s payout ratio is 40.65%.

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.