Ritholtz Wealth Management Buys 10,319 Shares of Epsilon Energy Ltd. $EPSN

Ritholtz Wealth Management boosted its stake in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) by 48.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,690 shares of the company’s stock after acquiring an additional 10,319 shares during the period. Ritholtz Wealth Management owned 0.14% of Epsilon Energy worth $234,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Epsilon Energy by 26.0% during the 1st quarter. LPL Financial LLC now owns 181,685 shares of the company’s stock worth $1,283,000 after acquiring an additional 37,455 shares during the period. Goldman Sachs Group Inc. bought a new position in Epsilon Energy during the 1st quarter worth $151,000. Bridgeway Capital Management LLC increased its stake in Epsilon Energy by 1.9% during the 1st quarter. Bridgeway Capital Management LLC now owns 413,406 shares of the company’s stock worth $2,919,000 after acquiring an additional 7,643 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Epsilon Energy by 23.1% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 16,256 shares of the company’s stock worth $115,000 after acquiring an additional 3,047 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Epsilon Energy during the 1st quarter worth $107,000. Institutional investors own 60.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EPSN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Epsilon Energy in a research note on Wednesday, October 8th. Wall Street Zen lowered Epsilon Energy from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.40.

Insiders Place Their Bets

In other Epsilon Energy news, major shareholder Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $5.03, for a total transaction of $125,750.00. Following the transaction, the insider directly owned 3,619,613 shares of the company’s stock, valued at approximately $18,206,653.39. The trade was a 0.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Williamson bought 12,500 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were bought at an average cost of $4.94 per share, for a total transaction of $61,750.00. Following the completion of the acquisition, the chief financial officer directly owned 72,500 shares in the company, valued at approximately $358,150. This trade represents a 20.83% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 74,427 shares of company stock worth $382,509 in the last 90 days. 7.10% of the stock is currently owned by corporate insiders.

Epsilon Energy Stock Down 3.3%

Shares of EPSN stock opened at $4.62 on Wednesday. The firm has a market capitalization of $101.92 million, a P/E ratio of 19.25 and a beta of 0.05. Epsilon Energy Ltd. has a twelve month low of $4.61 and a twelve month high of $8.50. The stock’s fifty day simple moving average is $5.37 and its 200 day simple moving average is $6.42.

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

Epsilon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, September 15th. This represents a $0.25 dividend on an annualized basis and a yield of 5.4%. Epsilon Energy’s payout ratio is currently 104.17%.

Epsilon Energy Company Profile

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.