Insider Selling: Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Director Sells $137,184.63 in Stock

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Director Paul Corr sold 2,089 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $65.67, for a total value of $137,184.63. Following the sale, the director directly owned 20,650 shares of the company’s stock, valued at approximately $1,356,085.50. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Espey Mfg. & Electronics Price Performance

Shares of ESP stock traded down $0.11 during trading hours on Monday, hitting $65.52. The company had a trading volume of 33,959 shares, compared to its average volume of 34,952. The company’s fifty day moving average is $62.19 and its 200 day moving average is $61.66. Espey Mfg. & Electronics Corp. has a fifty-two week low of $36.00 and a fifty-two week high of $74.77. The stock has a market capitalization of $199.18 million, a PE ratio of 16.84 and a beta of 0.37.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. The firm had revenue of $13.47 million for the quarter, compared to the consensus estimate of $14.80 million. Espey Mfg. & Electronics had a return on equity of 20.22% and a net margin of 24.24%.

Espey Mfg. & Electronics Dividend Announcement

The business also recently declared a special dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 18th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 18th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is currently 40.82%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

A number of large investors have recently modified their holdings of ESP. Sage Investment Advisers LLC purchased a new stake in Espey Mfg. & Electronics during the 4th quarter worth about $680,000. BlackRock Inc. acquired a new position in Espey Mfg. & Electronics in the second quarter valued at $7,808,000. Sei Investments Co. purchased a new position in shares of Espey Mfg. & Electronics during the first quarter worth about $1,384,000. Bank of New York Mellon Corp purchased a new stake in shares of Espey Mfg. & Electronics in the 2nd quarter valued at about $1,349,000. Finally, De Lisle Partners LLP acquired a new stake in shares of Espey Mfg. & Electronics in the 2nd quarter valued at about $3,777,000. 36.65% of the stock is owned by hedge funds and other institutional investors.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics Corp. (NYSEAMERICAN: ESP) is a U.S.-based defense electronics company that designs and manufactures specialized electronic systems and components for military and aerospace applications. Its products support the power, computing, display, communications, and control requirements of defense platforms and other mission-critical systems.

The company’s offerings include power supplies and power-conversion equipment, ruggedized electronic assemblies, embedded computing systems, video and display products, and systems used in radar and other defense applications.