ESPEY MFG & ELECTRONICS (NYSE:ESP) Director Carl Helmetag Sells 1,000 Shares of Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Director Carl Helmetag sold 1,000 shares of ESPEY MFG & ELECTRONICS stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $44.99, for a total value of $44,990.00. Following the completion of the transaction, the director owned 20,569 shares of the company’s stock, valued at approximately $925,399.31. This represents a 4.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ESPEY MFG & ELECTRONICS Price Performance

Shares of ESP traded up $0.21 during midday trading on Wednesday, hitting $43.17. The stock had a trading volume of 2,580 shares, compared to its average volume of 22,508. ESPEY MFG & ELECTRONICS CORP has a 1 year low of $24.85 and a 1 year high of $55.00. The stock’s 50 day moving average is $38.97 and its 200 day moving average is $42.86. The firm has a market cap of $126.70 million, a PE ratio of 13.70 and a beta of 0.18.

Institutional Trading of ESPEY MFG & ELECTRONICS

Hedge funds have recently added to or reduced their stakes in the business. Copeland Capital Management LLC increased its stake in shares of ESPEY MFG & ELECTRONICS by 16.3% in the 2nd quarter. Copeland Capital Management LLC now owns 2,380 shares of the company’s stock valued at $109,000 after purchasing an additional 334 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of ESPEY MFG & ELECTRONICS by 11.0% during the third quarter. Hillsdale Investment Management Inc. now owns 8,100 shares of the company’s stock valued at $321,000 after acquiring an additional 800 shares during the last quarter. Bank of America Corp DE raised its stake in ESPEY MFG & ELECTRONICS by 356.3% in the 2nd quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock valued at $56,000 after purchasing an additional 962 shares during the last quarter. GSA Capital Partners LLP boosted its stake in ESPEY MFG & ELECTRONICS by 34.5% during the third quarter. GSA Capital Partners LLP now owns 6,260 shares of the company’s stock worth $248,000 after buying an additional 1,604 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in ESPEY MFG & ELECTRONICS in the 3rd quarter valued at $67,000. 36.65% of the stock is owned by hedge funds and other 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.