Epsilon Energy (NASDAQ:EPSN) Major Shareholder Solas Capital Management, Llc Sells 25,000 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $4.73, for a total transaction of $118,250.00. Following the transaction, the insider directly owned 3,594,613 shares of the company’s stock, valued at $17,002,519.49. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 22nd, Solas Capital Management, Llc sold 9,427 shares of Epsilon Energy stock. The shares were sold at an average price of $4.59, for a total transaction of $43,269.93.
• On Friday, December 19th, Solas Capital Management, Llc sold 40,000 shares of Epsilon Energy stock. The stock was sold at an average price of $4.63, for a total transaction of $185,200.00.
• On Monday, September 29th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The stock was sold at an average price of $5.03, for a total transaction of $125,750.00.
• On Friday, September 26th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The stock was sold at an average price of $5.17, for a total transaction of $129,250.00.
• On Thursday, September 25th, Solas Capital Management, Llc sold 24,427 shares of Epsilon Energy stock. The shares were sold at an average price of $5.22, for a total value of $127,508.94.

Epsilon Energy Stock Down 0.2%

EPSN opened at $4.56 on Tuesday. The stock has a market cap of $100.64 million, a P/E ratio of 16.89 and a beta of -0.01. Epsilon Energy Ltd. has a 52-week low of $4.36 and a 52-week high of $8.50. The business has a fifty day moving average of $4.80 and a 200 day moving average of $5.79.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $8.98 million for the quarter, compared to the consensus estimate of $11.50 million. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%. Equities analysts anticipate that Epsilon Energy Ltd. will post 0.2 EPS for the current fiscal year.

Epsilon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.5%. Epsilon Energy’s dividend payout ratio is presently 92.59%.

Institutional Investors Weigh In On Epsilon Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey purchased a new position in Epsilon Energy in the second quarter worth $33,000. BNP Paribas Financial Markets lifted its holdings in shares of Epsilon Energy by 179.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock valued at $32,000 after purchasing an additional 4,109 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Epsilon Energy by 1,014.3% in the 2nd quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock worth $58,000 after purchasing an additional 7,100 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Epsilon Energy by 23,847.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock worth $67,000 after buying an additional 9,062 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new position in Epsilon Energy during the 2nd quarter worth $77,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Epsilon Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Epsilon Energy has an average rating of “Hold” and an average target price of $8.40.

About Epsilon Energy

Epsilon Energy (NASDAQ: EPSN) is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company’s core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.