Ellsworth Advisors LLC Grows Holdings in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

Ellsworth Advisors LLC grew its stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,211 shares of the company’s stock after buying an additional 1,234 shares during the quarter. Ellsworth Advisors LLC owned 0.90% of Espey Mfg. & Electronics worth $760,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Espey Mfg. & Electronics by 1.9% in 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. De Lisle Partners LLP lifted its holdings 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 worth $1,298,000 after acquiring an additional 3,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Espey Mfg. & Electronics by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock valued at $2,370,000 after purchasing an additional 4,000 shares in the last quarter. Secure Asset Management LLC bought a new position in shares of Espey Mfg. & Electronics during the 3rd quarter valued at $219,000. Finally, Geode Capital Management LLC raised its position in Espey Mfg. & Electronics by 55.3% in the 3rd quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock worth $719,000 after purchasing an additional 8,511 shares during the period. 36.65% of the stock is owned by institutional investors.

Espey Mfg. & Electronics Stock Up 0.5 %

ESP opened at $29.40 on Monday. The firm has a market capitalization of $82.03 million, a price-to-earnings ratio of 11.95 and a beta of 0.15. Espey Mfg. & Electronics Corp. has a 12-month low of $18.33 and a 12-month high of $33.00.

Espey Mfg. & Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.40%. Espey Mfg. & Electronics’s payout ratio is currently 40.65%.

Analysts Set New Price Targets

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

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.