Man Group plc Acquires New Position in Espey Mfg. & Electronics Corp. $ESP

Man Group plc acquired a new stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,349 shares of the company’s stock, valued at approximately $832,000.

Other large investors also recently bought and sold shares of the company. Sage Investment Advisers LLC acquired a new position in shares of Espey Mfg. & Electronics in the 4th quarter worth approximately $680,000. Sei Investments Co. acquired a new stake in shares of Espey Mfg. & Electronics during the 1st quarter valued at approximately $1,384,000. De Lisle Partners LLP bought a new position in Espey Mfg. & Electronics during the second quarter worth $3,777,000. Lazard Asset Management LLC acquired a new position in Espey Mfg. & Electronics in the first quarter worth $331,000. Finally, Naples Global Advisors LLC boosted its holdings in Espey Mfg. & Electronics by 6.9% in the fourth quarter. Naples Global Advisors LLC now owns 14,441 shares of the company’s stock worth $681,000 after purchasing an additional 932 shares during the period. Institutional investors own 36.65% of the company’s stock.

Analyst Ratings Changes

Separately, Freedom Capital lowered shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Espey Mfg. & Electronics currently has an average rating of “Hold”.

Insider Buying and Selling

In other Espey Mfg. & Electronics news, Director Carl Helmetag sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director directly owned 23,169 shares in the company, valued at approximately $1,474,938.54. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul J. Corr sold 2,550 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $65.89, for a total transaction of $168,019.50. Following the transaction, the director owned 20,439 shares of the company’s stock, valued at $1,346,725.71. This represents a 11.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 8,550 shares of company stock worth $558,454. 5.54% of the stock is owned by company insiders.

Espey Mfg. & Electronics Stock Up 0.9%

Shares of ESP stock opened at $62.56 on Friday. The business has a 50 day moving average of $61.57 and a two-hundred day moving average of $60.95. Espey Mfg. & Electronics Corp. has a 52 week low of $36.00 and a 52 week high of $74.77. The company has a market cap of $187.68 million, a P/E ratio of 16.51 and a beta of 0.37.

About Espey Mfg. & Electronics

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.