Insider Selling: Epsilon Energy (NASDAQ:EPSN) Major Shareholder Sells 25,000 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $5.17, for a total transaction of $129,250.00. Following the sale, the insider directly owned 3,644,613 shares in the company, valued at $18,842,649.21. The trade was a 0.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Monday, September 29th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The stock was sold at an average price of $5.03, for a total transaction of $125,750.00.
• 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 Stock Down 3.1%

Shares of NASDAQ EPSN traded down $0.16 during midday trading on Monday, reaching $5.02. 242,191 shares of the stock were exchanged, compared to its average volume of 119,175. The firm has a market cap of $110.74 million, a price-to-earnings ratio of 20.92 and a beta of 0.12. Epsilon Energy Ltd. has a twelve month low of $4.99 and a twelve month high of $8.50. The firm has a 50-day simple moving average of $5.83 and a two-hundred day simple moving average of $6.67.

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

Epsilon Energy Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Epsilon Energy from a “buy” rating to a “hold” rating in a research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus price target of $7.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey purchased a new position in Epsilon Energy in the 2nd quarter valued at $33,000. Osaic Holdings Inc. lifted its holdings in 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in Epsilon Energy by 23,847.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock valued at $67,000 after purchasing an additional 9,062 shares in the last quarter. D.A. Davidson & CO. purchased a new position in Epsilon Energy in the 2nd quarter valued at $77,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Epsilon Energy in the 2nd quarter valued at $78,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.

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.