Morgan Dempsey Capital Management LLC Raises Position in ESPEY MFG & ELECTRONICS CORP $ESP

Morgan Dempsey Capital Management LLC boosted its position in ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) by 41.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,945 shares of the company’s stock after acquiring an additional 2,638 shares during the quarter. Morgan Dempsey Capital Management LLC owned 0.32% of ESPEY MFG & ELECTRONICS worth $409,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Copeland Capital Management LLC lifted its stake in ESPEY MFG & ELECTRONICS by 16.3% in the second quarter. Copeland Capital Management LLC now owns 2,380 shares of the company’s stock worth $109,000 after acquiring an additional 334 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in ESPEY MFG & ELECTRONICS in the second quarter worth approximately $219,000. Finally, Naples Global Advisors LLC purchased a new position in ESPEY MFG & ELECTRONICS in the second quarter worth approximately $285,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

ESPEY MFG & ELECTRONICS Stock Down 0.2%

Shares of ESPEY MFG & ELECTRONICS stock opened at $36.42 on Friday. ESPEY MFG & ELECTRONICS CORP has a 52-week low of $24.85 and a 52-week high of $55.00. The business has a 50 day moving average price of $43.89. The stock has a market capitalization of $106.49 million, a P/E ratio of 12.14 and a beta of 0.17.

ESPEY MFG & ELECTRONICS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 19th were paid a $0.25 dividend. The ex-dividend date was Friday, September 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. ESPEY MFG & ELECTRONICS’s payout ratio is currently 33.33%.

About ESPEY MFG & ELECTRONICS

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.