Insider Selling: Epsilon Energy Ltd. (NASDAQ:EPSN) Major Shareholder Sells 61,500 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSNGet Rating) major shareholder Solas Capital Management, Llc sold 61,500 shares of Epsilon Energy stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $7.46, for a total value of $458,790.00. Following the sale, the insider now directly owns 4,188,637 shares of the company’s stock, valued at approximately $31,247,232.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, May 5th, Solas Capital Management, Llc sold 31,642 shares of Epsilon Energy stock. The stock was sold at an average price of $7.50, for a total value of $237,315.00.

Shares of EPSN opened at $7.45 on Friday. The stock has a 50-day moving average of $6.46 and a two-hundred day moving average of $5.86. Epsilon Energy Ltd. has a one year low of $3.90 and a one year high of $7.99. The stock has a market cap of $176.42 million, a P/E ratio of 15.52 and a beta of 0.20.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 8th were issued a $0.063 dividend. The ex-dividend date of this dividend was Monday, March 7th. This represents a $0.25 annualized dividend and a dividend yield of 3.38%. Epsilon Energy’s dividend payout ratio (DPR) is presently 52.08%.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Epsilon Energy by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 176,792 shares of the company’s stock valued at $1,002,000 after buying an additional 3,895 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Epsilon Energy by 33.8% in the 4th quarter. Renaissance Technologies LLC now owns 91,100 shares of the company’s stock valued at $517,000 after buying an additional 23,000 shares during the period. State Street Corp lifted its holdings in shares of Epsilon Energy by 6.5% in the 4th quarter. State Street Corp now owns 65,300 shares of the company’s stock valued at $370,000 after buying an additional 4,000 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Epsilon Energy by 38.3% in the 4th quarter. Acadian Asset Management LLC now owns 39,760 shares of the company’s stock valued at $224,000 after buying an additional 11,009 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Epsilon Energy by 12.8% in the 4th quarter. BlackRock Inc. now owns 38,784 shares of the company’s stock valued at $220,000 after buying an additional 4,410 shares during the period. 48.75% of the stock is owned by institutional investors and hedge funds.

Epsilon Energy Company Profile (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.

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