Informed Momentum Co LLC Purchases Shares of 82,652 Epsilon Energy Ltd. (NASDAQ:EPSN)

Key Points

• Informed Momentum Co LLC has invested $584,000 in Epsilon Energy Ltd. by acquiring 82,652 shares, representing 0.38% ownership of the company.
• Analysts from Wall Street Zen have upgraded Epsilon Energy's rating from "hold" to "buy," indicating increased investor confidence.
• Epsilon Energy recently announced a quarterly dividend of $0.0625, resulting in a 3.9% yield, though its payout ratio stands at 119.05%.

Informed Momentum Co LLC purchased a new stake in shares of Epsilon Energy Ltd. (NASDAQ:EPSN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 82,652 shares of the company's stock, valued at approximately $584,000. Informed Momentum Co LLC owned 0.38% of Epsilon Energy as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in Epsilon Energy by 9.5% during the fourth quarter. LPL Financial LLC now owns 144,230 shares of the company's stock valued at $896,000 after purchasing an additional 12,550 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Epsilon Energy by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 701,186 shares of the company's stock valued at $4,354,000 after purchasing an additional 18,358 shares in the last quarter. Jane Street Group LLC purchased a new position in Epsilon Energy during the fourth quarter valued at $67,000. Bridgeway Capital Management LLC lifted its holdings in Epsilon Energy by 1.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 405,763 shares of the company's stock valued at $2,520,000 after purchasing an additional 4,115 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Epsilon Energy during the first quarter valued at $151,000. Institutional investors and hedge funds own 60.33% of the company's stock.

Epsilon Energy Stock Performance

Shares of NASDAQ:EPSN traded up $0.16 during midday trading on Friday, hitting $5.63. The company's stock had a trading volume of 257,910 shares, compared to its average volume of 130,162. The business's 50 day simple moving average is $7.04 and its 200 day simple moving average is $6.84. The company has a market cap of $124.20 million, a P/E ratio of 23.46 and a beta of 0.16. Epsilon Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $8.50.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last posted its quarterly 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 business had revenue of $11.63 million during 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, sell-side analysts predict that Epsilon Energy Ltd. will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.25 dividend on an annualized basis and a yield of 4.4%. Epsilon Energy's payout ratio is 104.17%.

Insider Buying and Selling

In other Epsilon Energy news, major shareholder Solas Capital Management, Llc sold 74,427 shares of Epsilon Energy stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $7.48, for a total transaction of $556,713.96. Following the transaction, the insider directly owned 3,694,040 shares of the company's stock, valued at $27,631,419.20. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Epsilon Energy from a "buy" rating to a "hold" rating in a report on Sunday.

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.