Insider Selling: ESPEY MFG & ELECTRONICS (NYSE:ESP) Director Sells 1,000 Shares of Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Director Carl Helmetag sold 1,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $44.99, for a total value of $44,990.00. Following the completion of the sale, the director directly owned 20,569 shares of the company’s stock, valued at $925,399.31. The trade was a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ESPEY MFG & ELECTRONICS Price Performance

NYSE ESP traded up $0.21 on Wednesday, reaching $43.17. 2,580 shares of the company’s stock traded hands, compared to its average volume of 22,508. The stock has a 50-day simple moving average of $38.97 and a 200 day simple moving average of $42.86. ESPEY MFG & ELECTRONICS CORP has a 12 month low of $24.85 and a 12 month high of $55.00. The stock has a market cap of $126.70 million, a PE ratio of 13.70 and a beta of 0.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ESP. Bank of America Corp DE grew its position in 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 purchasing an additional 962 shares during the last quarter. BNP Paribas Financial Markets bought a new position in ESPEY MFG & ELECTRONICS in the third quarter valued at about $67,000. Copeland Capital Management LLC grew its stake in shares of ESPEY MFG & ELECTRONICS by 16.3% during the 2nd quarter. Copeland Capital Management LLC now owns 2,380 shares of the company’s stock valued at $109,000 after purchasing an additional 334 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of ESPEY MFG & ELECTRONICS by 56,588.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock worth $202,000 after purchasing an additional 5,093 shares during the period. Finally, Bridgeway Capital Management LLC bought a new stake in ESPEY MFG & ELECTRONICS during the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

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.