Bridgeway Capital Management LLC Acquires 4,115 Shares of Epsilon Energy Ltd. (NASDAQ:EPSN)

Bridgeway Capital Management LLC increased its stake in Epsilon Energy Ltd. (NASDAQ:EPSN) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 405,763 shares of the company’s stock after purchasing an additional 4,115 shares during the period. Bridgeway Capital Management LLC owned approximately 1.86% of Epsilon Energy worth $2,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC bought a new position in shares of Epsilon Energy in the 3rd quarter worth $54,000. Geode Capital Management LLC increased its stake in Epsilon Energy by 11.2% in the third quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock valued at $1,425,000 after acquiring an additional 24,437 shares during the last quarter. Empowered Funds LLC lifted its stake in Epsilon Energy by 4.8% during the fourth quarter. Empowered Funds LLC now owns 90,366 shares of the company’s stock worth $561,000 after purchasing an additional 4,115 shares during the last quarter. Meixler Investment Management Ltd. boosted its holdings in shares of Epsilon Energy by 22.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,580 shares of the company’s stock worth $177,000 after purchasing an additional 5,275 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Epsilon Energy during the 4th quarter valued at about $82,000. 60.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Capital set a $8.40 target price on Epsilon Energy in a research note on Thursday, April 3rd.

Epsilon Energy Stock Up 1.5 %

NASDAQ EPSN opened at $6.69 on Friday. The firm has a market cap of $147.29 million, a price-to-earnings ratio of 26.76 and a beta of 0.17. The company has a 50-day simple moving average of $6.81 and a two-hundred day simple moving average of $6.34. Epsilon Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $7.32.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $8.94 million during the quarter, compared to analysts’ expectations of $7.20 million. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. During the same period last year, the firm earned $0.31 earnings per share. Equities analysts expect that Epsilon Energy Ltd. will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Thursday, March 13th. Epsilon Energy’s dividend payout ratio (DPR) is presently 250.00%.

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.