Epsilon Energy (NASDAQ:EPSN) Major Shareholder Solas Capital Management, Llc Sells 25,000 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 25,000 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $5.03, for a total value of $125,750.00. Following the completion of the sale, the insider owned 3,619,613 shares of the company’s stock, valued at $18,206,653.39. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 value 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 value of $127,508.94.

Epsilon Energy Trading Down 3.1%

Shares of Epsilon Energy stock opened at $5.02 on Tuesday. The business has a 50-day moving average price of $5.80 and a two-hundred day moving average price of $6.66. The company has a market cap of $110.74 million, a P/E ratio of 20.92 and a beta of 0.12. Epsilon Energy Ltd. has a 1-year low of $4.99 and a 1-year high of $8.50.

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

Epsilon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.0625 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.25 annualized dividend and a dividend yield of 5.0%. Epsilon Energy’s dividend payout ratio (DPR) is currently 104.17%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Epsilon Energy from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus target price of $7.70.

Hedge Funds Weigh In On Epsilon Energy

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Epsilon Energy by 95.3% during the 2nd quarter. Geode Capital Management LLC now owns 486,684 shares of the company’s stock worth $3,592,000 after buying an additional 237,507 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Epsilon Energy by 2.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 423,122 shares of the company’s stock worth $3,123,000 after purchasing an additional 9,716 shares during the period. Marshall Wace LLP bought a new stake in shares of Epsilon Energy in the 2nd quarter worth approximately $2,869,000. Clayton Partners LLC raised its holdings in shares of Epsilon Energy by 3.6% in the 1st quarter. Clayton Partners LLC now owns 355,261 shares of the company’s stock worth $2,508,000 after purchasing an additional 12,400 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Epsilon Energy by 26.0% in the 1st quarter. LPL Financial LLC now owns 181,685 shares of the company’s stock worth $1,283,000 after purchasing an additional 37,455 shares during the period. Institutional investors own 60.33% of the company’s stock.

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.