Epsilon Energy Ltd. (NASDAQ:EPSN) Major shareholder sells $185,833.44 worth of stock


Solas Capital Management, Llc, major shareholder of Epsilon Energy Ltd. (NASDAQ:EPSN – Get Rating), sold 26,472 shares in a trade dated Monday, May 23. The shares were sold at an average price of $7.02, for a total transaction of $185,833.44. Following the completion of the transaction, the insider now owns 3,940,867 shares of the company, valued at approximately $27,664,886.34. The sale was disclosed in a filing with the SEC, accessible via this link. Large shareholders who own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Solas Capital Management, Llc has also recently completed the following transaction(s):

  • On Wednesday, May 25, Solas Capital Management, Llc sold 18,857 shares of Epsilon Energy. The shares were sold at an average price of $7.05, for a total transaction of $132,941.85.
  • On Monday, May 16, Solas Capital Management, Llc sold 19,000 shares of Epsilon Energy. The shares were sold at an average price of $7.10, for a total transaction of $134,900.00.
  • On Friday May 13, Solas Capital Management, Llc sold 18,457 shares of Epsilon Energy. The shares were sold at an average price of $7.09, for a total transaction of $130,860.13.
  • On Wednesday, May 11, Solas Capital Management, Llc sold 13,000 shares of Epsilon Energy. The shares were sold at an average price of $7.05, for a total transaction of $91,650.00.
  • On Monday, May 9, Solas Capital Management, Llc sold 12,658 shares of Epsilon Energy. The shares were sold at an average price of $7.07, for a total transaction of $89,492.06.
  • On Thursday, May 5, Solas Capital Management, Llc sold 31,642 shares of Epsilon Energy. The shares were sold at an average price of $7.50, for a total transaction of $237,315.00.
  • On Tuesday, May 3, Solas Capital Management, Llc sold 61,500 shares of Epsilon Energy. The shares were sold at an average price of $7.46, for a total transaction of $458,790.00.

NASDAQ:EPSN shares traded down $0.12 during trading hours on Wednesday, hitting $6.85. 450,381 shares of the company were traded, compared to its average volume of 96,150. Epsilon Energy Ltd. has a 52-week low of $3.92 and a 52-week high of $7.99. The company’s fifty-day simple moving average is $6.75 and its two-hundred-day simple moving average is $5.99. The company has a market capitalization of $162.85 million, a price-earnings ratio of 11.43 and a beta of 0.20.

Epsilon Energy Inc (NASDAQ:EPSN – Get Rating) last released quarterly earnings data on Wednesday, March 23. The company reported earnings per share of $0.33 for the quarter. Epsilon Energy posted a net margin of 30.93% and a return on equity of 19.31%. The company had revenue of $13.80 million in the quarter.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Tuesday, March 8 received a dividend of $0.063. This represents an annualized dividend of $0.25 and a dividend yield of 3.68%. The ex-dividend date was Monday, March 7. Epsilon Energy’s payout ratio is 40.98%.

Institutional investors and hedge funds have recently changed their positions in the company. Morgan Stanley acquired a new position in shares of Epsilon Energy in the third quarter worth about $112,000. Geode Capital Management LLC purchased a new stake in shares of Epsilon Energy in the third quarter for a value of approximately $152,000. O Shaughnessy Asset Management LLC raised its position in Epsilon Energy shares by 124.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 27,811 shares of the company worth $179,000 after purchasing an additional 15,428 shares in the last quarter. BlackRock Inc. increased its position in Epsilon Energy shares by 1,029.2% in the third quarter. BlackRock Inc. now owns 34,374 shares of the company worth $222,000 after purchasing an additional 31,330 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Epsilon Energy shares by 38.3% in the fourth quarter. Acadian Asset Management LLC now owns 39,760 shares of the company worth $224,000 after purchasing 11,009 additional shares in the last quarter. Institutional investors hold 48.75% of the company’s shares.

About Epsilon Energy (Get an assessment)

Epsilon Energy Ltd., a natural gas and petroleum company, is engaged 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.

Further reading

Insider buying and selling by quarter for Epsilon Energy (NASDAQ:EPSN)



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