Chairman of the Board of Espey Mfg. & Electronics Corp (ESP) Howard M Pinsley sells 1,765 shares of ESP on 03/03/2011 at an average price of $23.75 a share.

Espey Manufacturing & Ele has a market cap of $55.8 million; its shares were traded at around $23.97 with a P/E ratio of 14.9 and P/S ratio of 1.8. The dividend yield of Espey Manufacturing & Ele stocks is 3.7%. Espey Manufacturing & Ele had an annual average earning growth of 20.6% over the past 10 years. GuruFocus rated Espey Manufacturing & Ele the business predictability rank of 3-star.

Hedge Fund Gurus that owns ESP: Jim Simons of Renaissance Technologies LLC.

This is the annual revenues and earnings per share of ESP over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ESP.

CEO Recent Trades:

• Buy: President/CEO Pierre Mark Francis St bought 100 shares of ESP stock on 02/28/2011 at the average price of 23.55. Pierre Mark Francis St owns at least 100 shares after this. The price of the stock has increased by 1.78% since.

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 100 shares of ESP stock on 12/08/2010 at the average price of 21.5. Carl Helmetag owns at least 1,504 shares after this. The price of the stock has increased by 11.49% since.
• Sell: Chairman of the Board Howard M Pinsley sold 235 shares of ESP stock on 02/28/2011 at the average price of 23.75. Howard M Pinsley owns at least 106,553 shares after this. The price of the stock has increased by 0.93% since.
• Sell: Director Barry Pinsley sold 29 shares of ESP stock on 02/22/2011 at the average price of 24.25. Barry Pinsley owns at least 56,231 shares after this. The price of the stock has decreased by 1.15% since.
• Sell: Chairman of the Board Howard M Pinsley sold 1,500 shares of ESP stock on 10/01/2010 at the average price of 21.6. Howard M Pinsley owns at least 106,788 shares after this. The price of the stock has increased by 10.97% 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 15.8% since.

For the complete insider trading history of ESP, click here.

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

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool