14,434 Shares in Espey Mfg. & Electronics Corp. $ESP Purchased by Sage Investment Advisers LLC

Sage Investment Advisers LLC purchased a new position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,434 shares of the company’s stock, valued at approximately $680,000. Sage Investment Advisers LLC owned approximately 0.49% of Espey Mfg. & Electronics at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ESP. Two Sigma Investments LP purchased a new position in Espey Mfg. & Electronics in the 3rd quarter worth about $1,047,000. Marshall Wace LLP purchased a new position in Espey Mfg. & Electronics in the 2nd quarter worth about $591,000. Ritholtz Wealth Management increased its stake in Espey Mfg. & Electronics by 98.1% in the 4th quarter. Ritholtz Wealth Management now owns 17,808 shares of the company’s stock worth $839,000 after purchasing an additional 8,817 shares in the last quarter. First Trust Advisors LP acquired a new stake in Espey Mfg. & Electronics during the 3rd quarter worth about $256,000. Finally, Man Group plc purchased a new position in Espey Mfg. & Electronics during the 3rd quarter valued at about $226,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Espey Mfg. & Electronics

In related news, Director Paul J. Corr sold 2,257 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $66.27, for a total value of $149,571.39. Following the completion of the sale, the director owned 20,732 shares of the company’s stock, valued at approximately $1,373,909.64. The trade was a 9.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.54% of the company’s stock.

Espey Mfg. & Electronics Price Performance

NYSEAMERICAN:ESP opened at $57.95 on Monday. Espey Mfg. & Electronics Corp. has a fifty-two week low of $36.00 and a fifty-two week high of $74.77. The stock’s 50-day moving average is $62.57 and its two-hundred day moving average is $53.91. The stock has a market cap of $173.85 million, a PE ratio of 15.29 and a beta of 0.36.

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

Espey Mfg. & Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Espey Mfg. & Electronics’s payout ratio is presently 40.82%.

Espey Mfg. & Electronics 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.