Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Espey Mfg. & Electronics (NYSEAMERICAN:ESP) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Espey Mfg. & Electronics Stock Down 6.7 %

NYSEAMERICAN ESP opened at $23.75 on Monday. Espey Mfg. & Electronics has a twelve month low of $14.69 and a twelve month high of $27.32. The stock has a market cap of $64.84 million, a P/E ratio of 12.37 and a beta of 0.14.

Institutional Trading of Espey Mfg. & Electronics

Institutional investors have recently modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new stake in Espey Mfg. & Electronics during the second quarter worth $113,000. Perritt Capital Management Inc. lifted its holdings in shares of Espey Mfg. & Electronics by 66.7% during the 1st quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock worth $139,000 after acquiring an additional 2,201 shares during the period. Adirondack Trust Co. boosted its position in shares of Espey Mfg. & Electronics by 7.2% during the 1st quarter. Adirondack Trust Co. now owns 6,373 shares of the company’s stock valued at $161,000 after acquiring an additional 426 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in Espey Mfg. & Electronics in the second quarter valued at about $476,000. Finally, Dimensional Fund Advisors LP raised its position 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 purchasing an additional 1,591 shares in the last quarter. Institutional investors and hedge funds own 36.65% of the company’s stock.

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.