Epsilon Energy Ltd. $EPSN Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its stake in Epsilon Energy Ltd. (NASDAQ:EPSN) by 12.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,005 shares of the company’s stock after selling 6,900 shares during the period. International Assets Investment Management LLC owned 0.22% of Epsilon Energy worth $362,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Epsilon Energy in the 1st quarter valued at $77,000. Turtle Creek Wealth Advisors LLC purchased a new position in Epsilon Energy during the 1st quarter worth $107,000. Y Intercept Hong Kong Ltd increased its stake 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 during the period. Virtu Financial LLC purchased a new stake in shares of Epsilon Energy in the first quarter valued at about $134,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Epsilon Energy in the first quarter valued at about $151,000. Institutional investors and hedge funds own 60.33% of the company’s stock.

Insider Activity at Epsilon Energy

In related news, major shareholder Solas Capital Management, Llc sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $5.03, for a total value of $125,750.00. Following the completion of the transaction, the insider directly owned 3,619,613 shares of the company’s stock, valued at $18,206,653.39. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Williamson acquired 12,500 shares of Epsilon Energy stock in a transaction that occurred on Tuesday, September 30th. The shares were purchased at an average cost of $4.94 per share, with a total value of $61,750.00. Following the completion of the acquisition, the chief financial officer owned 72,500 shares of the company’s stock, valued at $358,150. The trade was 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 three months. Corporate insiders own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

EPSN has been the subject of several analyst reports. Weiss Ratings reaffirmed 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 report on Sunday, August 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.40.

Epsilon Energy Stock Performance

Epsilon Energy stock opened at $4.74 on Thursday. The company has a market cap of $104.56 million, a P/E ratio of 19.75 and a beta of 0.05. Epsilon Energy Ltd. has a one year low of $4.61 and a one year high of $8.50. The business has a fifty day moving average of $5.34 and a two-hundred day moving average of $6.41.

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

Epsilon Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, September 15th. Epsilon Energy’s dividend payout ratio (DPR) is presently 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.