Renaissance Technologies LLC Increases Position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

Renaissance Technologies LLC increased its position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,512 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Renaissance Technologies LLC owned approximately 4.08% of Espey Mfg. & Electronics worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adirondack Trust Co. increased its stake in shares of Espey Mfg. & Electronics by 7.2% in the first quarter. Adirondack Trust Co. now owns 6,373 shares of the company’s stock worth $161,000 after acquiring an additional 426 shares during the period. Dimensional Fund Advisors LP grew its position in Espey Mfg. & Electronics by 1.9% during the 2nd 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 during the period. Perritt Capital Management Inc. grew its position in 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 purchasing an additional 2,201 shares during the period. Morgan Dempsey Capital Management LLC purchased a new position in shares of Espey Mfg. & Electronics during the 2nd quarter valued at about $113,000. Finally, Ellsworth Advisors LLC acquired a new position in shares of Espey Mfg. & Electronics in the 2nd quarter valued at about $476,000. Institutional investors and hedge funds own 36.65% of the company’s stock.

Espey Mfg. & Electronics Price Performance

NYSEAMERICAN ESP opened at $28.86 on Wednesday. The firm has a market capitalization of $78.79 million, a P/E ratio of 15.03 and a beta of 0.14. Espey Mfg. & Electronics Corp. has a one year low of $14.69 and a one year high of $32.00.

Espey Mfg. & Electronics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were given a $0.25 dividend. The ex-dividend date was Friday, September 20th. This is a positive change from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.47%. Espey Mfg. & Electronics’s dividend payout ratio is 52.08%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Espey Mfg. & Electronics from a “hold” rating to a “buy” rating in a research note on Sunday.

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.