Epsilon Energy (NASDAQ:EPSN) Major Shareholder Solas Capital Management, Llc Sells 9,427 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 9,427 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $4.59, for a total value of $43,269.93. Following the completion of the sale, the insider directly owned 3,545,186 shares of the company’s stock, valued at $16,272,403.74. The trade was a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Friday, December 19th, Solas Capital Management, Llc sold 40,000 shares of Epsilon Energy stock. The shares were sold at an average price of $4.63, for a total value of $185,200.00.
• On Thursday, December 18th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The stock was sold at an average price of $4.73, for a total value of $118,250.00.
• 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 value of $125,750.00.
• On Friday, September 26th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The shares were 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 stock was sold at an average price of $5.22, for a total transaction of $127,508.94.

Epsilon Energy Trading Down 0.2%

EPSN opened at $4.56 on Tuesday. Epsilon Energy Ltd. has a twelve month low of $4.36 and a twelve month high of $8.50. The firm has a market cap of $100.64 million, a price-to-earnings ratio of 16.89 and a beta of -0.01. The company has a fifty day simple moving average of $4.80 and a 200 day simple moving average of $5.79.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $8.98 million during the quarter, compared to analysts’ expectations of $11.50 million. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%. On average, analysts forecast that Epsilon Energy Ltd. will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Monday, December 15th. Epsilon Energy’s dividend payout ratio (DPR) is 92.59%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Epsilon Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in Epsilon Energy during the third quarter valued at approximately $62,000. Punch & Associates Investment Management Inc. raised its position in shares of Epsilon Energy by 47.7% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 311,905 shares of the company’s stock valued at $1,572,000 after acquiring an additional 100,705 shares in the last quarter. Citadel Advisors LLC lifted its stake in Epsilon Energy by 10.7% during the third quarter. Citadel Advisors LLC now owns 113,942 shares of the company’s stock worth $574,000 after purchasing an additional 11,000 shares during the last quarter. Bank of America Corp DE boosted its holdings in Epsilon Energy by 128.7% in the third quarter. Bank of America Corp DE now owns 38,407 shares of the company’s stock worth $194,000 after purchasing an additional 21,615 shares during the period. Finally, Algert Global LLC bought a new stake in Epsilon Energy during the third quarter valued at $118,000. 60.33% of the stock is owned by institutional investors.

Epsilon Energy Company Profile

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.