Epsilon Energy Ltd. (NASDAQ:EPSN) Major Shareholder Solas Capital Management, Llc Sells 13,000 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSNGet Rating) major shareholder Solas Capital Management, Llc sold 13,000 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $7.05, for a total value of $91,650.00. Following the transaction, the insider now directly owns 4,043,167 shares in the company, valued at $28,504,327.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major 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 Friday, May 13th, Solas Capital Management, Llc sold 18,457 shares of Epsilon Energy stock. The shares were sold at an average price of $7.09, for a total value of $130,860.13.
  • On Monday, May 9th, Solas Capital Management, Llc sold 12,658 shares of Epsilon Energy stock. The shares were sold at an average price of $7.07, for a total value of $89,492.06.
  • On Thursday, May 5th, Solas Capital Management, Llc sold 31,642 shares of Epsilon Energy stock. The shares were sold at an average price of $7.50, for a total value of $237,315.00.
  • On Tuesday, May 3rd, Solas Capital Management, Llc sold 61,500 shares of Epsilon Energy stock. The shares were sold at an average price of $7.46, for a total value of $458,790.00.

EPSN stock opened at $7.00 on Friday. Epsilon Energy Ltd. has a fifty-two week low of $3.92 and a fifty-two week high of $7.99. The business’s 50-day moving average is $6.57 and its two-hundred day moving average is $5.91. The company has a market cap of $165.76 million, a price-to-earnings ratio of 11.48 and a beta of 0.20.

Epsilon Energy (NASDAQ:EPSNGet Rating) last posted its earnings results on Wednesday, March 23rd. The company reported $0.33 earnings per share for the quarter. The company had revenue of $13.80 million for the quarter. Epsilon Energy had a return on equity of 15.93% and a net margin of 27.45%.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 8th were given a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Monday, March 7th. Epsilon Energy’s payout ratio is 40.98%.

A number of institutional investors and hedge funds have recently modified their holdings of EPSN. BlackRock Inc. increased its position in Epsilon Energy by 1,029.2% in the third quarter. BlackRock Inc. now owns 34,374 shares of the company’s stock worth $222,000 after buying an additional 31,330 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Epsilon Energy by 124.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 27,811 shares of the company’s stock worth $179,000 after buying an additional 15,428 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Epsilon Energy in the third quarter worth about $152,000. Morgan Stanley purchased a new stake in Epsilon Energy in the third quarter worth about $112,000. Finally, Dimensional Fund Advisors LP increased its position in Epsilon Energy by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 176,792 shares of the company’s stock worth $1,002,000 after buying an additional 3,895 shares in the last quarter. Institutional investors and hedge funds own 48.75% of the company’s stock.

About Epsilon Energy (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.

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