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

Key Points

• Solas Capital Management, LLC sold 25,000 shares of Epsilon Energy stock for $125,750.00 at an average price of $5.03, reducing their stake by 0.69%.
• Epsilon Energy reported a quarterly earnings miss of $0.07 per share against the expected $0.08, while revenue exceeded forecasts at $11.63 million.
• The company announced a quarterly dividend of $0.0625 per share, representing an annual yield of 5.0%, despite having a payout ratio of 104.17%.

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) major shareholder Solas Capital Management, Llc sold 25,000 shares of the business'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 transaction of $125,750.00. Following the transaction, the insider owned 3,619,613 shares of the company's stock, valued at approximately $18,206,653.39. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares 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 Price Performance

NASDAQ:EPSN traded down $0.16 during trading hours on Monday, hitting $5.02. 242,191 shares of the company were exchanged, compared to its average volume of 119,175. The stock has a market capitalization of $110.74 million, a price-to-earnings ratio of 20.92 and a beta of 0.12. Epsilon Energy Ltd. has a 52-week low of $4.99 and a 52-week high of $8.50. The company's 50 day moving average price is $5.83 and its 200-day moving average price is $6.67.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last released 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 company had revenue of $11.63 million for the quarter, compared to analysts' expectations of $10.50 million. Epsilon Energy had a return on equity of 6.71% and a net margin of 11.75%. On average, equities analysts predict that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, September 15th. Epsilon Energy's payout ratio is currently 104.17%.

Institutional Trading of Epsilon Energy

Several large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd boosted its holdings in shares of Epsilon Energy by 23.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 16,256 shares of the company's stock valued at $115,000 after acquiring an additional 3,047 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Epsilon Energy in the 2nd quarter valued at $33,000. Osaic Holdings Inc. lifted its stake in shares of Epsilon Energy by 1,014.3% in the 2nd quarter. Osaic Holdings Inc. now owns 7,800 shares of the company's stock valued at $58,000 after purchasing an additional 7,100 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its stake in shares of Epsilon Energy by 6.3% in the 1st quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 124,400 shares of the company's stock valued at $878,000 after purchasing an additional 7,323 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in shares of Epsilon Energy by 1.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 413,406 shares of the company's stock valued at $2,919,000 after purchasing an additional 7,643 shares during the period. 60.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Epsilon Energy from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Strong Buy" and an average price target of $7.70.

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.

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