Insider Selling: Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Director Sells $63,660.00 in Stock

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Director Carl Helmetag sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director directly owned 23,169 shares in the company, valued at $1,474,938.54. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Espey Mfg. & Electronics Stock Performance

ESP opened at $67.12 on Monday. The firm has a market cap of $201.36 million, a P/E ratio of 17.71 and a beta of 0.36. The firm has a 50-day moving average of $63.70 and a 200 day moving average of $56.89. Espey Mfg. & Electronics Corp. has a fifty-two week low of $36.00 and a fifty-two week high of $74.77.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.88 by $0.11. Espey Mfg. & Electronics had a net margin of 25.50% and a return on equity of 20.38%. The business had revenue of $11.42 million for the quarter, compared to analyst estimates of $13.20 million.

Espey Mfg. & Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. Espey Mfg. & Electronics’s payout ratio is 40.82%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

Several institutional investors have recently added to or reduced their stakes in the business. Sage Investment Advisers LLC purchased a new position in shares of Espey Mfg. & Electronics in the fourth quarter worth about $680,000. Ritholtz Wealth Management lifted its stake in shares of Espey Mfg. & Electronics by 98.1% during the 4th quarter. Ritholtz Wealth Management now owns 17,808 shares of the company’s stock valued at $839,000 after buying an additional 8,817 shares in the last quarter. GC Wealth Management RIA LLC purchased a new stake in shares of Espey Mfg. & Electronics during the 4th quarter valued at approximately $267,000. JPMorgan Chase & Co. boosted its holdings in Espey Mfg. & Electronics by 56,588.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock worth $202,000 after buying an additional 5,093 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in Espey Mfg. & Electronics by 34.5% in the 3rd quarter. GSA Capital Partners LLP now owns 6,260 shares of the company’s stock worth $248,000 after buying an additional 1,604 shares during the period. 36.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Freedom Capital lowered Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Espey Mfg. & Electronics has a consensus rating of “Hold”.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.