Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Espey Mfg. & Electronics (NYSEAMERICAN:ESP) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

Espey Mfg. & Electronics Stock Performance

Shares of Espey Mfg. & Electronics stock opened at $24.87 on Tuesday. Espey Mfg. & Electronics has a one year low of $14.69 and a one year high of $27.32. The stock has a market cap of $67.90 million, a P/E ratio of 12.95 and a beta of 0.14.

Institutional Trading of Espey Mfg. & Electronics

Several large investors have recently made changes to their positions in ESP. Adirondack Trust Co. raised its stake in Espey Mfg. & Electronics by 7.2% during the 1st quarter. Adirondack Trust Co. now owns 6,373 shares of the company’s stock worth $161,000 after buying an additional 426 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Espey Mfg. & Electronics by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock worth $1,841,000 after purchasing an additional 1,591 shares during the period. Perritt Capital Management Inc. lifted its holdings in shares of Espey Mfg. & Electronics by 66.7% in the 1st quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock worth $139,000 after purchasing an additional 2,201 shares in the last quarter. Renaissance Technologies LLC grew its position in Espey Mfg. & Electronics by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock valued at $2,370,000 after purchasing an additional 4,000 shares during the period. Finally, Morgan Dempsey Capital Management LLC bought a new stake in Espey Mfg. & Electronics during the 2nd quarter valued at $113,000. 36.65% of the stock is currently owned by institutional investors and hedge funds.

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.