StockNews.com Begins Coverage on Espey Mfg. & Electronics (NYSEAMERICAN:ESP)

Equities researchers at StockNews.com began coverage on shares of Espey Mfg. & Electronics (NYSEAMERICAN:ESP) in a research note issued on Saturday. The firm set a “strong-buy” rating on the stock.

Espey Mfg. & Electronics Trading Up 4.9 %

NYSEAMERICAN ESP opened at $30.22 on Friday. Espey Mfg. & Electronics has a 12 month low of $14.69 and a 12 month high of $32.00. The company has a market cap of $82.50 million, a P/E ratio of 15.74 and a beta of 0.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Adirondack Trust Co. increased its holdings in shares of Espey Mfg. & Electronics by 7.2% in the first quarter. Adirondack Trust Co. now owns 6,373 shares of the company’s stock valued at $161,000 after purchasing an additional 426 shares in the last quarter. Dimensional Fund Advisors LP increased 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 acquiring an additional 1,591 shares in the last quarter. Perritt Capital Management Inc. raised its holdings in shares of Espey Mfg. & Electronics by 66.7% in the first quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock valued at $139,000 after purchasing an additional 2,201 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Espey Mfg. & Electronics by 3.7% during the second quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock worth $2,370,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC bought a new position in Espey Mfg. & Electronics in the second quarter valued at approximately $113,000. 36.65% of the stock is owned by institutional investors.

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.