Insider Selling: Espey Manufacturing Director Unloads 1,500 Shares of Stock (ESP)
Espey Manufacturing (NYSE:ESP) Director Michael W. Wool sold 1,500 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $24.33, for a total transaction of $36,495.00. Following the completion of the sale, the director now directly owns 10,700 shares in the company, valued at approximately $260,331. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Espey Manufacturing (NYSE:ESP) opened at 25.50 on Friday. Espey Manufacturing has a one year low of $22.44 and a one year high of $33.89. The stock’s 50-day moving average is $26.05 and its 200-day moving average is $29.12. The company has a market cap of $57.5 million and a price-to-earnings ratio of 13.83.
Espey Manufacturing (NYSE:ESP) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.19. The company had revenue of $6.55 million for the quarter, compared to the consensus estimate of $6.80 million. On average, analysts predict that Espey Manufacturing will post $1.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Thursday, June 12th.
Espey Mfg. & Electronics Corp. (NYSE:ESP) is a power electronics design and original equipment manufacturing (OEM) company engaged in developing and delivering products for use in military and severe environment applications.
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