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Espey Mfg. & Electronics Corp (ESP) Chairman of the Board Howard M Pinsley sells 1,500 Shares

October 05, 2010 | About:
insider

insider

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Chairman of the Board of Espey Mfg. & Electronics Corp (ESP) Howard M Pinsley sells 1,500 shares of ESP on 10/01/2010 at an average price of $21.6 a share.

Espey Mfg. & Electronics Corp has a market cap of $54 million; its shares were traded at around $23.28 with a P/E ratio of 13.9 and P/S ratio of 1.9. The dividend yield of Espey Mfg. & Electronics Corp stocks is 3.9%.

ESP is in the portfolios of Jim Simons of Renaissance Technologies LLC.


This is the insider trade history vs. stock price of ESP. For the complete insider trading history of ESP, click here.




Directors and Officers Recent Trades:


  • Buy: Director Carl Helmetag bought 250 shares of ESP stock on 05/13/2010 at the average price of 18.98. Carl Helmetag owns at least 1,504 shares after this. The price of the stock has increased by 22.66% since.

  • Sell: Chairman of the Board Howard M Pinsley sold 600 shares of ESP stock on 09/13/2010 at the average price of 20.7. Howard M Pinsley owns at least 108,288 shares after this. The price of the stock has increased by 12.46% since.

  • Sell: Director Alvin O Sabo sold 1,500 shares of ESP stock on 08/27/2010 at the average price of 19.37. Alvin O Sabo owns at least 3,300 shares after this. The price of the stock has increased by 20.19% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 2.7/5 (3 votes)

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