Solas Capital Management, Llc Sells 12,658 Shares of Epsilon Energy Ltd. (NASDAQ:EPSN) Stock

Epsilon Energy Ltd. (NASDAQ:EPSNGet Rating) major shareholder Solas Capital Management, Llc sold 12,658 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $7.07, for a total transaction of $89,492.06. Following the transaction, the insider now directly owns 4,063,479 shares of the company’s stock, valued at $28,728,796.53. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% 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 transaction of $237,315.00.
  • 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.

EPSN opened at $6.94 on Wednesday. Epsilon Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $7.99. The stock has a market cap of $164.37 million, a price-to-earnings ratio of 14.46 and a beta of 0.20. The stock’s 50 day simple moving average is $6.53.

Epsilon Energy (NASDAQ:EPSNGet Rating) last posted its quarterly 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 8th were issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, March 7th. Epsilon Energy’s dividend payout ratio (DPR) is 52.08%.

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Epsilon Energy by 13.4% during the 4th quarter. Geode Capital Management LLC now owns 26,856 shares of the company’s stock valued at $152,000 after purchasing an additional 3,168 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Epsilon Energy by 2.3% during the 4th 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 in the last quarter. State Street Corp increased its holdings in shares of Epsilon Energy by 6.5% during the 4th quarter. State Street Corp now owns 65,300 shares of the company’s stock valued at $370,000 after purchasing an additional 4,000 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Epsilon Energy by 12.8% during the 4th quarter. BlackRock Inc. now owns 38,784 shares of the company’s stock valued at $220,000 after purchasing an additional 4,410 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Epsilon Energy by 38.3% during the 4th quarter. Acadian Asset Management LLC now owns 39,760 shares of the company’s stock valued at $224,000 after purchasing an additional 11,009 shares in the last quarter. 48.75% of the stock is owned by hedge funds and other institutional investors.

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.

Read More

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.