International Assets Investment Management LLC Raises Stock Holdings in Epsilon Energy Ltd. (NASDAQ:EPSN)

International Assets Investment Management LLC raised its holdings in Epsilon Energy Ltd. (NASDAQ:EPSN) by 622.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 130,023 shares of the company’s stock after acquiring an additional 112,023 shares during the quarter. International Assets Investment Management LLC’s holdings in Epsilon Energy were worth $6,610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EPSN. Palo Duro Investment Partners LP purchased a new stake in Epsilon Energy in the first quarter valued at about $8,722,000. Renaissance Technologies LLC raised its stake in Epsilon Energy by 256.8% in the second quarter. Renaissance Technologies LLC now owns 465,565 shares of the company’s stock valued at $2,742,000 after buying an additional 335,076 shares during the last quarter. Ballast Asset Management LP purchased a new stake in Epsilon Energy in the third quarter valued at about $1,287,000. Soviero Asset Management LP raised its stake in Epsilon Energy by 66.5% in the fourth quarter. Soviero Asset Management LP now owns 499,494 shares of the company’s stock valued at $3,312,000 after buying an additional 199,494 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Epsilon Energy by 34.9% in the first quarter. Dimensional Fund Advisors LP now owns 722,971 shares of the company’s stock valued at $3,861,000 after buying an additional 187,115 shares during the last quarter. 60.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Epsilon Energy

In other news, CEO Jason Stabell acquired 245,200 shares of Epsilon Energy stock in a transaction dated Tuesday, January 30th. The stock was purchased at an average cost of $4.82 per share, for a total transaction of $1,181,864.00. Following the completion of the purchase, the chief executive officer now directly owns 324,734 shares in the company, valued at approximately $1,565,217.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jason Stabell acquired 245,200 shares of Epsilon Energy stock in a transaction dated Tuesday, January 30th. The stock was purchased at an average cost of $4.82 per share, for a total transaction of $1,181,864.00. Following the completion of the purchase, the chief executive officer now directly owns 324,734 shares in the company, valued at approximately $1,565,217.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Lovoi sold 500,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $4.82, for a total value of $2,410,000.00. Following the completion of the transaction, the director now owns 208,078 shares of the company’s stock, valued at $1,002,935.96. The disclosure for this sale can be found here. Insiders bought a total of 442,579 shares of company stock worth $2,155,496 over the last three months. 6.49% of the stock is currently owned by insiders.

Epsilon Energy Stock Performance

Epsilon Energy stock opened at $5.40 on Monday. The stock has a 50-day moving average of $5.14 and a two-hundred day moving average of $5.19. Epsilon Energy Ltd. has a one year low of $4.70 and a one year high of $6.35. The stock has a market cap of $118.31 million, a PE ratio of 17.42 and a beta of 0.37.

Epsilon Energy (NASDAQ:EPSN) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.12 EPS for the quarter. Epsilon Energy had a return on equity of 6.81% and a net margin of 22.60%. The company had revenue of $8.56 million during the quarter.

Epsilon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Thursday, March 14th. Epsilon Energy’s payout ratio is 80.65%.

Epsilon Energy Profile

Epsilon Energy Ltd., a 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.