Epsilon Energy Ltd. (NASDAQ:EPSN) Major Shareholder Sells $237,315.00 in Stock

Epsilon Energy Ltd. (NASDAQ:EPSNGet Rating) major shareholder Solas Capital Management, Llc sold 31,642 shares of Epsilon Energy stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $7.50, for a total transaction of $237,315.00. Following the sale, the insider now owns 4,093,495 shares of the company’s stock, valued at $30,701,212.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Solas Capital Management, Llc also recently made the following trade(s):

  • On Tuesday, May 3rd, Solas Capital Management, Llc sold 61,500 shares of Epsilon Energy stock. The stock was sold at an average price of $7.46, for a total transaction of $458,790.00.

NASDAQ:EPSN opened at $7.45 on Friday. Epsilon Energy Ltd. has a 12 month low of $3.90 and a 12 month high of $7.99. The firm has a fifty day simple moving average of $6.46 and a 200-day simple moving average of $5.86. The company has a market capitalization of $176.42 million, a P/E ratio of 15.52 and a beta of 0.20.

Epsilon Energy (NASDAQ:EPSNGet Rating) last posted its earnings results on Wednesday, March 23rd. The company reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $13.80 million during the quarter. Epsilon Energy had a net margin of 27.45% and a return on equity of 15.93%.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 8th were given a dividend of $0.063 per share. The ex-dividend date was Monday, March 7th. This represents a $0.25 dividend on an annualized basis and a yield of 3.38%. Epsilon Energy’s dividend payout ratio is presently 52.08%.

A number of hedge funds and other institutional investors have recently bought and sold shares of EPSN. BlackRock Inc. lifted its position in Epsilon Energy by 1,029.2% during the third quarter. BlackRock Inc. now owns 34,374 shares of the company’s stock valued at $222,000 after purchasing an additional 31,330 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Epsilon Energy by 124.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 27,811 shares of the company’s stock valued at $179,000 after purchasing an additional 15,428 shares during the period. Geode Capital Management LLC acquired a new position in Epsilon Energy during the third quarter valued at $152,000. Morgan Stanley acquired a new position in Epsilon Energy during the third quarter valued at $112,000. Finally, Dimensional Fund Advisors LP lifted its position in Epsilon Energy by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 176,792 shares of the company’s stock valued at $1,002,000 after purchasing an additional 3,895 shares during the period. Institutional investors own 48.75% of the company’s stock.

About Epsilon Energy (Get Rating)

Epsilon Energy Ltd., a natural gas and oil company, engages in the acquisition, development, gathering, and production of oil and gas reserves in the United States. It operates through Upstream and Gathering System segments. The Company has natural gas production in the Marcellus in Pennsylvania; and oil, natural gas liquids (NGL), and natural gas production in the Anadarko Basin in Oklahoma.

Recommended Stories

Receive News & Ratings for Epsilon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Epsilon Energy and related companies with MarketBeat.com's FREE daily email newsletter.