SummerHaven Investment Management LLC Invests $711,000 in ESPEY MFG & ELECTRONICS CORP $ESP

SummerHaven Investment Management LLC purchased a new stake in ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,949 shares of the company’s stock, valued at approximately $711,000. SummerHaven Investment Management LLC owned 0.61% of ESPEY MFG & ELECTRONICS as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Naples Global Advisors LLC lifted its holdings in ESPEY MFG & ELECTRONICS by 116.9% during the 3rd quarter. Naples Global Advisors LLC now owns 13,509 shares of the company’s stock worth $535,000 after purchasing an additional 7,282 shares during the last quarter. Marshall Wace LLP bought a new position in ESPEY MFG & ELECTRONICS during the 2nd quarter worth $591,000. American Century Companies Inc. lifted its holdings in shares of ESPEY MFG & ELECTRONICS by 27.4% during the second quarter. American Century Companies Inc. now owns 11,234 shares of the company’s stock worth $514,000 after buying an additional 2,415 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of ESPEY MFG & ELECTRONICS in the third quarter valued at about $356,000. Finally, Morgan Dempsey Capital Management LLC grew its stake in shares of ESPEY MFG & ELECTRONICS by 41.8% in the second quarter. Morgan Dempsey Capital Management LLC now owns 8,945 shares of the company’s stock valued at $409,000 after acquiring an additional 2,638 shares in the last quarter. Institutional investors own 36.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Freedom Capital raised shares of ESPEY MFG & ELECTRONICS to a “strong-buy” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

ESPEY MFG & ELECTRONICS Trading Up 2.0%

ESP stock opened at $54.00 on Thursday. The firm has a 50-day moving average price of $45.50 and a 200-day moving average price of $44.10. ESPEY MFG & ELECTRONICS CORP has a 12 month low of $24.85 and a 12 month high of $56.10. The stock has a market capitalization of $158.49 million, a P/E ratio of 17.14 and a beta of 0.16.

Insider Buying and Selling

In other ESPEY MFG & ELECTRONICS news, Director Carl Helmetag sold 1,000 shares of the 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 directly owned 20,569 shares in the company, valued at approximately $925,399.31. This trade represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David A. Oneil sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $45.76, for a total transaction of $45,760.00. Following the completion of the transaction, the chief executive officer owned 17,431 shares of the company’s stock, valued at approximately $797,642.56. This trade represents a 5.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,000 shares of company stock worth $181,030 in the last 90 days. Company insiders own 5.54% of the company’s stock.

ESPEY MFG & ELECTRONICS Company Profile

Espey Manufacturing & Electronics Corporation (NYSE: ESP) specializes in the design and production of precision wound components and power conversion solutions for demanding applications. The company’s core offerings include custom transformers, inductors, chokes and electromagnetic assemblies engineered to meet rigorous performance standards in defense, industrial, medical and renewable energy markets. By integrating advanced design tools with in-house manufacturing capabilities, Espey delivers tailored passive magnetic components that address electromagnetic compatibility, thermal management and size-weight constraints.

In addition to its wound component expertise, Espey provides a range of electromagnetic interference (EMI) filters, magnetics subassemblies and custom power supplies.