Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Releases Earnings Results

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) announced its earnings results on Wednesday. The company reported $0.76 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $9.09 million for the quarter. Espey Mfg. & Electronics had a return on equity of 17.65% and a net margin of 18.53%.

Espey Mfg. & Electronics Stock Performance

Shares of NYSEAMERICAN ESP traded up $0.25 during trading on Thursday, hitting $38.00. 10,112 shares of the company were exchanged, compared to its average volume of 23,302. Espey Mfg. & Electronics has a 12-month low of $24.85 and a 12-month high of $55.00. The company has a fifty day moving average price of $40.98 and a 200-day moving average price of $41.79. The firm has a market capitalization of $111.34 million, a PE ratio of 12.67 and a beta of 0.17.

Espey Mfg. & Electronics Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 19th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a dividend yield of 217.0%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

An institutional investor recently raised its position in Espey Mfg. & Electronics stock. De Lisle Partners LLP increased its stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 11.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 50,023 shares of the company’s stock after purchasing an additional 5,000 shares during the period. De Lisle Partners LLP owned approximately 1.79% of Espey Mfg. & Electronics worth $1,351,000 at the end of the most recent reporting period. 36.65% of the stock is currently owned by institutional investors.

About Espey Mfg. & Electronics

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.