21,333 Shares in Epsilon Energy Ltd. $EPSN Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. purchased a new position in Epsilon Energy Ltd. (NASDAQ:EPSN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,333 shares of the company’s stock, valued at approximately $151,000. Goldman Sachs Group Inc. owned about 0.10% of Epsilon Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new stake in shares of Epsilon Energy in the 1st quarter worth approximately $151,000. LPL Financial LLC grew its stake in shares of Epsilon Energy by 26.0% in the 1st quarter. LPL Financial LLC now owns 181,685 shares of the company’s stock worth $1,283,000 after buying an additional 37,455 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Epsilon Energy in the 4th quarter worth approximately $67,000. Bridgeway Capital Management LLC grew its stake in shares of Epsilon Energy by 1.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 413,406 shares of the company’s stock worth $2,919,000 after buying an additional 7,643 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Epsilon Energy by 23.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 16,256 shares of the company’s stock worth $115,000 after buying an additional 3,047 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Insider Activity

In other news, major shareholder Solas Capital Management, Llc sold 25,000 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $5.03, for a total value of $125,750.00. Following the transaction, the insider directly owned 3,619,613 shares in the company, valued at $18,206,653.39. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Williamson acquired 10,000 shares of the stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $5.64 per share, for a total transaction of $56,400.00. Following the completion of the transaction, the chief financial officer directly owned 60,000 shares of the company’s stock, valued at approximately $338,400. This represents a 20.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 74,427 shares of company stock worth $382,509 over the last 90 days. Company insiders own 7.10% of the company’s stock.

Epsilon Energy Price Performance

NASDAQ EPSN opened at $5.02 on Tuesday. The business’s fifty day moving average price is $5.80 and its 200-day moving average price is $6.66. The stock has a market capitalization of $110.74 million, a price-to-earnings ratio of 20.92 and a beta of 0.12. Epsilon Energy Ltd. has a 1-year low of $4.99 and a 1-year high of $8.50.

Epsilon Energy (NASDAQ:EPSN) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Epsilon Energy had a net margin of 11.75% and a return on equity of 6.71%. The firm had revenue of $11.63 million for the quarter, compared to the consensus estimate of $10.50 million. Equities research analysts anticipate that Epsilon Energy Ltd. will post 0.2 EPS for the current year.

Epsilon Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Epsilon Energy from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of $7.70.

About Epsilon Energy

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.