Paul Corr Acquires Shares of ESP
Paul Corr purchased 2,550 shares of ESP on June 23, marking significant insider activity.
Key Points
- Paul Corr bought 2,550 shares of ESP at $18.05 each on June 23, totaling $46,027.5.
- ESP shares traded at $66.82 on Thursday, with notable insider buying activity.
- Analyst Freedom Broker downgraded ESP to 'hold' with a $65 target on May 18.
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Paul Corr made a notable move by purchasing 2,550 shares of ESP on June 23. He paid $18.05 per share, making the total transaction worth $46,027.50. This insider activity highlights Corr's interest in ESP's potential.
Insider Buying and Selling at Espey Mfg. & Electronics Corp.
On June 23, Paul Corr acquired 2,550 shares of ESP at an average price of $18.05. This transaction was not part of a pre-planned trading program. On the same day, Corr also sold shares at an average price of $65.89. Additionally, on June 22, ESP's President & CEO, David O'Neil, sold 2,500 shares at $67.71, while Jennifer Michele Pickering, CHRO & Corporate Secretary, bought and sold 2,500 shares at $24.46.
Other Institutional Activity in ESP
Institutional investors have also been active in ESP. Renaissance Technologies LLC trimmed its holdings by 100 shares, ending with 103,212 shares valued at about $5.72 million. Dimensional Fund Advisors LP reduced its position by 5,570 shares, holding 93,523 shares worth approximately $5.18 million. Vanguard Capital Management LLC entered a new position with 85,006 shares valued at $4.71 million. Meanwhile, American Century Companies Inc increased its stake by 16,637 shares, now holding 53,086 shares valued at about $2.94 million.
Espey Mfg. & Electronics Corp. Stock Up 7.4%
Shares of ESP traded near $66.82 on Thursday. The stock has seen varied institutional activity, which may influence its future performance.
$ESP stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 18, Freedom Broker downgraded ESP to a 'hold' rating, setting a price target of $65. This reflects a cautious outlook from analysts regarding the stock's future performance.
Bottom Line
Paul Corr's recent purchase of ESP shares suggests confidence in the company's potential. Insider transactions like these are closely watched by investors as they can provide insights into the company's future prospects. However, it's important to remember that these actions do not necessarily indicate a buy or sell recommendation.
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