Epsilon Energy (NASDAQ:EPSN) Major Shareholder Sells $125,750.00 in Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 25,000 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $5.03, for a total transaction of $125,750.00. Following the completion of the transaction, the insider owned 3,619,613 shares in the company, valued at $18,206,653.39. This represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Solas Capital Management, Llc also recently made the following trade(s):

• On Friday, September 26th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The stock was sold at an average price of $5.17, for a total transaction of $129,250.00.
• On Thursday, September 25th, Solas Capital Management, Llc sold 24,427 shares of Epsilon Energy stock. The stock was sold at an average price of $5.22, for a total transaction of $127,508.94.

Epsilon Energy Stock Performance

EPSN opened at $4.88 on Thursday. The firm’s fifty day moving average is $5.75 and its two-hundred day moving average is $6.64. The firm has a market cap of $107.65 million, a PE ratio of 20.33 and a beta of 0.05. Epsilon Energy Ltd. has a twelve month low of $4.86 and a twelve month high of $8.50.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $11.63 million during the quarter, compared to analyst estimates of $10.50 million. Epsilon Energy had a return on equity of 6.71% and a net margin of 11.75%. Equities analysts forecast that Epsilon Energy Ltd. will post 0.2 EPS for the current fiscal year.

Epsilon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.0625 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.25 annualized dividend and a yield of 5.1%. Epsilon Energy’s dividend payout ratio (DPR) is 104.17%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Epsilon Energy from a “buy” rating to a “hold” rating in a report on Sunday, August 17th.

Institutional Investors Weigh In On Epsilon Energy

Several large investors have recently made changes to their positions in EPSN. Jane Street Group LLC bought a new stake in shares of Epsilon Energy during the fourth quarter worth $67,000. Ritholtz Wealth Management bought a new position in Epsilon Energy in the first quarter valued at $151,000. International Assets Investment Management LLC grew its position in Epsilon Energy by 16.5% in the first quarter. International Assets Investment Management LLC now owns 55,905 shares of the company’s stock valued at $395,000 after purchasing an additional 7,900 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Epsilon Energy in the first quarter valued at $107,000. Finally, Y Intercept Hong Kong Ltd grew its position in Epsilon Energy by 23.1% in the first quarter. Y Intercept Hong Kong Ltd now owns 16,256 shares of the company’s stock valued at $115,000 after purchasing an additional 3,047 shares in the last quarter. Institutional investors own 60.33% of the company’s stock.

About Epsilon Energy

Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, development, gathering, and production of natural oil and gas reserves in the United States. The company operates through Upstream and Gathering System segments. It has natural gas production in the Marcellus Shale in Pennsylvania; and oil, natural gas liquids, and natural gas production in the Permian Basin in Texas and New Mexico, and Anadarko Basin in Oklahoma.