Key Points
- Director Carl Helmetag sold 1,000 shares on December 16 at an average price of $44.99 for $44,990, reducing his stake by 4.64% to 20,569 shares; the transaction was disclosed in an SEC filing.
- ESP shares traded down 0.7% to $42.71 on light volume (1,557 shares), with a market cap of $125.35M, a P/E of 13.56, one-year range $24.85–$55.00, and 50-/200-day moving averages of $39.07 and $42.86.
- Institutional ownership is about 36.65% and several institutions have recently added or increased positions (e.g., Bank of America, Copeland Capital, BNP Paribas, Bridgeway, Wealth Enhancement), signaling modest institutional interest.
ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) Director Carl Helmetag sold 1,000 shares of the business's stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $44.99, for a total transaction of $44,990.00. Following the transaction, the director owned 20,569 shares in the company, valued at approximately $925,399.31. This trade represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
ESPEY MFG & ELECTRONICS Stock Down 0.7%
ESP stock traded down $0.29 during trading on Thursday, reaching $42.71. The stock had a trading volume of 1,557 shares, compared to its average volume of 22,476. The company has a market capitalization of $125.35 million, a price-to-earnings ratio of 13.56 and a beta of 0.18. ESPEY MFG & ELECTRONICS CORP has a one year low of $24.85 and a one year high of $55.00. The company's 50 day moving average is $39.07 and its two-hundred day moving average is $42.86.
Institutional Trading of ESPEY MFG & ELECTRONICS
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of ESPEY MFG & ELECTRONICS by 356.3% during the 2nd quarter. Bank of America Corp DE now owns 1,232 shares of the company's stock valued at $56,000 after buying an additional 962 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in ESPEY MFG & ELECTRONICS during the third quarter valued at about $67,000. Copeland Capital Management LLC boosted its position in ESPEY MFG & ELECTRONICS by 16.3% during the second quarter. Copeland Capital Management LLC now owns 2,380 shares of the company's stock worth $109,000 after purchasing an additional 334 shares during the period. Bridgeway Capital Management LLC purchased a new position in shares of ESPEY MFG & ELECTRONICS in the second quarter worth about $211,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of ESPEY MFG & ELECTRONICS in the second quarter valued at approximately $219,000. 36.65% of the stock is owned by hedge funds and other institutional investors.
About ESPEY MFG & ELECTRONICS
(
Get Free Report)
Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.
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