( ) saw a notable increase in short interest during the month of May. On May 31, there were 3,300 shorted shares. This is a 57.1% increase from the 2,100 shares on May 15. Around 0.2% of a company's shares are shorted. The days-tocover ratio, based on an average daily share volume of 7,700, is currently 0.4 days.
Hedge Funds weigh in on Espey Mfg. & Electronics
Recent changes in the holdings of hedge funds and institutional investors has led to a change in their positions. Dimensional Fund Advisors LP increased its stake in Espey Mfg. & Electronics during the third quarter. Dimensional Fund Advisors LP owns 92 294 shares worth $1 272,000, after acquiring 1,138 more shares in the last quarter. Royal Bank of Canada increased its holdings in Espey Mfg. & Electronics increased its position in Espey Mfg. Royal Bank of Canada owns 9,690 of the company's shares worth $134,000, after purchasing an additional 900 during the last quarter. Secure Asset Management LLC increased its stake in Espey Mfg. & Electronics during the fourth quarter. Secure Asset Management LLC owns 11,870 of the company stock, worth $169,000, after purchasing an additional 1,270 during the last quarter. Cannell Capital LLC purchased a new stake of Espey Mfg. & Electronics in the fourth quarter, worth $76,000. BlackRock Inc. increased its stake in Espey Mfg. & Electronics, by 26.5% in the first quarter. BlackRock Inc. owns 4158 shares worth $84,000 of the company stock after purchasing 872 additional shares in the last quarter. Espey Mfg. & Electronics on Thursday, 18th May. The company was given a rating of'strong-buy.'
Espey Mfg. & Electronics Stock Up 1.8 %
During Friday's midday trading, the company gained $0.31 to reach $17.54. & Electronics's twelve-month low is $13,02, and its twelve-month high is $22,96.
Espey Mfg. & Electronics Announces Dividend
A quarterly dividend was also declared by the firm and will be paid out on June 28th. Dividends of $0.10 will be paid to stockholders who held shares on record as of Friday, June 23, 2018. This dividend will be paid on Friday, June 23rd. & Electronics has a payout ratio of 32.26%.
Espey Manufacturing Company & Electronics
& Electronics Corp. is a power electronics company that designs, manufactures and tests electronic equipment primarily used in military and industrial applications. Power supplies, filters, transformers and power converters are among the company's main products. They can be used in AC and DC locomotives as well as shipboard radars and power supplies.
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