Punch & Associates Investment Management Inc. Sells 54,655 Shares of Epsilon Energy Ltd. $EPSN

Key Points

• Punch & Associates Investment Management Inc. reduced its stake in Epsilon Energy Ltd. by 20.6%, selling 54,655 shares and retaining 211,200 shares valued at approximately $1.49 million.
• Epsilon Energy announced a quarterly dividend of $0.0625 per share, with a dividend yield of 4.4% and a payout ratio of 104.17%.
• Despite reporting a net margin of 11.75%, Epsilon Energy's earnings per share for the quarter fell short of analysts' expectations by $0.01, at $0.07 per share.

Punch & Associates Investment Management Inc. decreased its position in shares of Epsilon Energy Ltd. (NASDAQ:EPSN - Free Report) by 20.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 211,200 shares of the company's stock after selling 54,655 shares during the period. Punch & Associates Investment Management Inc. owned 0.96% of Epsilon Energy worth $1,491,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd grew its holdings 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 valued at $115,000 after buying an additional 3,047 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Epsilon Energy by 1.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 405,763 shares of the company's stock valued at $2,520,000 after buying an additional 4,115 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. grew its holdings in Epsilon Energy by 6.3% during the 1st quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 124,400 shares of the company's stock valued at $878,000 after buying an additional 7,323 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Epsilon Energy by 16.5% during the 1st quarter. International Assets Investment Management LLC now owns 55,905 shares of the company's stock valued at $395,000 after buying an additional 7,900 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Epsilon Energy during the 4th quarter valued at approximately $67,000. 60.33% of the stock is owned by hedge funds and other institutional investors.

Epsilon Energy Stock Performance

EPSN stock opened at $5.70 on Friday. The firm has a fifty day moving average price of $6.38 and a 200 day moving average price of $6.80. Epsilon Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.50. The firm has a market cap of $125.74 million, a PE ratio of 23.75 and a beta of 0.12.

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

Epsilon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.4%. Epsilon Energy's dividend payout ratio (DPR) is 104.17%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Epsilon Energy from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat, Epsilon Energy has a consensus rating of "Strong Buy" and a consensus price target of $7.70.

Insiders Place Their Bets

In related news, major shareholder Solas Capital Management, Llc sold 74,427 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $7.48, for a total value of $556,713.96. Following the completion of the transaction, the insider directly owned 3,694,040 shares of the company's stock, valued at approximately $27,631,419.20. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Williamson bought 10,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average cost of $5.64 per share, with a total value of $56,400.00. Following the completion of the acquisition, the chief financial officer owned 60,000 shares of the company's stock, valued at $338,400. This represents a 20.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 7.10% of the company's stock.

Epsilon Energy 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.

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