24,968 Shares in Espey Mfg. & Electronics Corp. $ESP Purchased by Sei Investments Co.

Sei Investments Co. acquired a new position in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,968 shares of the company’s stock, valued at approximately $1,384,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ritholtz Wealth Management increased its holdings in shares of Espey Mfg. & Electronics by 35.2% in the 1st quarter. Ritholtz Wealth Management now owns 24,085 shares of the company’s stock valued at $1,335,000 after purchasing an additional 6,277 shares during the period. XTX Topco Ltd boosted its holdings in shares of Espey Mfg. & Electronics by 12.7% during the fourth quarter. XTX Topco Ltd now owns 5,871 shares of the company’s stock worth $277,000 after purchasing an additional 660 shares during the period. Man Group plc boosted its holdings in shares of Espey Mfg. & Electronics by 14.4% during the fourth quarter. Man Group plc now owns 6,538 shares of the company’s stock worth $308,000 after purchasing an additional 824 shares during the period. Bridgeway Capital Management LLC purchased a new position in Espey Mfg. & Electronics during the fourth quarter valued at approximately $217,000. Finally, Steel Partners Holdings L.P. purchased a new position in Espey Mfg. & Electronics during the fourth quarter valued at approximately $784,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

Insider Buying and Selling

In other news, insider Jennifer Michele Pickering sold 2,500 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $63.00, for a total transaction of $157,500.00. Following the transaction, the insider owned 2,500 shares of the company’s stock, valued at approximately $157,500. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David A. Oneil sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $67.71, for a total value of $169,275.00. Following the completion of the transaction, the chief executive officer directly owned 13,750 shares in the company, valued at $931,012.50. The trade was a 15.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,100 shares of company stock worth $727,674. Insiders own 5.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Espey Mfg. & Electronics Trading Up 3.0%

Espey Mfg. & Electronics stock opened at $63.79 on Wednesday. Espey Mfg. & Electronics Corp. has a 1-year low of $36.00 and a 1-year high of $74.77. The firm’s fifty day simple moving average is $60.43 and its 200-day simple moving average is $59.99. The company has a market capitalization of $191.37 million, a P/E ratio of 16.83 and a beta of 0.35.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last posted its earnings results 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 firm had revenue of $11.42 million for the quarter, compared to the consensus estimate of $13.20 million.

Espey Mfg. & Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, June 15th. Espey Mfg. & Electronics’s dividend payout ratio is 40.82%.

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.