Dimensional Fund Advisors LP Boosts Stock Position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)

Dimensional Fund Advisors LP grew its holdings in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 13.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 101,063 shares of the company’s stock after acquiring an additional 11,743 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Espey Mfg. & Electronics were worth $3,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ESP. Geode Capital Management LLC boosted its stake in shares of Espey Mfg. & Electronics by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 25,112 shares of the company’s stock worth $757,000 after acquiring an additional 1,205 shares during the last quarter. Ellsworth Advisors LLC boosted its stake in shares of Espey Mfg. & Electronics by 5.1% in the fourth quarter. Ellsworth Advisors LLC now owns 25,211 shares of the company’s stock worth $760,000 after acquiring an additional 1,234 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Espey Mfg. & Electronics in the fourth quarter worth approximately $211,000. American Century Companies Inc. acquired a new stake in shares of Espey Mfg. & Electronics in the fourth quarter worth approximately $258,000. Finally, EAM Investors LLC acquired a new stake in shares of Espey Mfg. & Electronics in the fourth quarter worth approximately $462,000. 36.65% of the stock is currently owned by hedge funds and other institutional investors.

Espey Mfg. & Electronics Price Performance

Shares of NYSEAMERICAN:ESP opened at $34.75 on Wednesday. The stock has a 50 day moving average price of $28.37. The firm has a market capitalization of $97.30 million, a price-to-earnings ratio of 14.18 and a beta of 0.13. Espey Mfg. & Electronics Corp. has a 1 year low of $20.20 and a 1 year high of $35.30.

Espey Mfg. & Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Friday, March 21st. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is currently 40.82%.

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.