Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Stock Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 55.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,907 shares of the company’s stock after purchasing an additional 8,511 shares during the period. Geode Capital Management LLC’s holdings in Espey Mfg. & Electronics were worth $719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ESP. Secure Asset Management LLC acquired a new position in shares of Espey Mfg. & Electronics in the 3rd quarter valued at about $219,000. Renaissance Technologies LLC boosted its holdings 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 buying an additional 4,000 shares during the period. De Lisle Partners LLP boosted 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 valued at $1,298,000 after buying an additional 3,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Espey Mfg. & Electronics by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock valued at $1,841,000 after buying an additional 1,591 shares during the period. Finally, Ellsworth Advisors LLC boosted its holdings in shares of Espey Mfg. & Electronics by 6.9% in the 3rd quarter. Ellsworth Advisors LLC now owns 23,977 shares of the company’s stock valued at $721,000 after buying an additional 1,555 shares during the period. Institutional investors own 36.65% of the company’s stock.

Espey Mfg. & Electronics Stock Down 0.6 %

Espey Mfg. & Electronics stock opened at $27.51 on Friday. The stock has a market cap of $76.75 million, a price-to-earnings ratio of 11.18 and a beta of 0.15. Espey Mfg. & Electronics Corp. has a 52-week low of $17.97 and a 52-week high of $33.00.

Espey Mfg. & Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Friday, December 20th. Espey Mfg. & Electronics’s payout ratio is 40.65%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Espey Mfg. & Electronics from a “buy” rating to a “strong-buy” rating in a report 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.