Espey Manufacturing & Electronics Corp. (ESP) Director Alvin O. Sabo Acquires 2,459 Shares

Espey Manufacturing & Electronics Corp. (NYSE:ESP) Director Alvin O. Sabo purchased 2,459 shares of Espey Manufacturing & Electronics Corp. stock in a transaction that occurred on Monday, October 16th. The stock was purchased at an average cost of $21.73 per share, for a total transaction of $53,434.07. Following the completion of the purchase, the director now owns 13,407 shares of the company’s stock, valued at $291,334.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Espey Manufacturing & Electronics Corp. (ESP) traded up 0.17% during midday trading on Friday, reaching $23.08. The company had a trading volume of 111 shares. The stock has a market capitalization of $53.68 million and a price-to-earnings ratio of 47.10. The firm’s 50 day moving average price is $22.19 and its 200-day moving average price is $22.76. Espey Manufacturing & Electronics Corp. has a 1-year low of $21.07 and a 1-year high of $27.50.

Espey Manufacturing & Electronics Corp. (NYSE:ESP) last posted its quarterly earnings results on Thursday, September 14th. The company reported $0.08 earnings per share (EPS) for the quarter. Espey Manufacturing & Electronics Corp. had a net margin of 3.51% and a return on equity of 2.41%. The company had revenue of $5.46 million during the quarter. Equities research analysts expect that Espey Manufacturing & Electronics Corp. will post ($0.16) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 25th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.34%.

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About Espey Manufacturing & Electronics Corp.

Espey Mfg. & Electronics Corp. (Espey) is a power electronics design and original equipment manufacturing (OEM) company. The Company is engaged in developing and delivering products for use in military and environment applications. The Company provides power energy conversion and transformer solutions.

Insider Buying and Selling by Quarter for Espey Manufacturing & Electronics Corp. (NYSE:ESP)

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