Hillsdale Investment Management Inc. Takes $211,000 Position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

Hillsdale Investment Management Inc. bought a new position in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,000 shares of the company’s stock, valued at approximately $211,000. Hillsdale Investment Management Inc. owned approximately 0.25% of Espey Mfg. & Electronics as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ESP. American Century Companies Inc. bought a new stake in shares of Espey Mfg. & Electronics during the fourth quarter valued at approximately $258,000. Flagship Harbor Advisors LLC bought a new stake in Espey Mfg. & Electronics during the 4th quarter valued at $500,000. Geode Capital Management LLC raised its holdings in Espey Mfg. & Electronics by 55.3% during the third quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock worth $719,000 after buying an additional 8,511 shares during the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Espey Mfg. & Electronics by 5.1% during the fourth quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock valued at $760,000 after buying an additional 1,234 shares during the last quarter. Finally, De Lisle Partners LLP increased its position in shares of Espey Mfg. & Electronics by 7.5% during the third quarter. De Lisle Partners LLP now owns 43,114 shares of the company’s stock worth $1,298,000 after acquiring an additional 3,000 shares in the last quarter. 36.65% of the stock is currently owned by institutional investors and hedge funds.

Espey Mfg. & Electronics Stock Performance

Shares of NYSEAMERICAN ESP opened at $26.68 on Tuesday. The stock has a market capitalization of $74.70 million, a P/E ratio of 10.89 and a beta of 0.13. Espey Mfg. & Electronics Corp. has a fifty-two week low of $20.20 and a fifty-two week high of $33.00.

Espey Mfg. & Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 3.75%. Espey Mfg. & Electronics’s payout ratio is 40.82%.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp. is a power electronics design and original equipment manufacturing company, which engages in developing and delivering products for use in military and severe environment applications. Its products include power supplies, converters, transformers, filters, magnetic components, power distribution equipment, uninterruptible power supply (UPS) systems, and antennas.