Insider Selling: Epsilon Energy Ltd. (NASDAQ: EPSN) Major shareholder sells 70,567 shares


Solas Capital Management, Llc, major shareholder of Epsilon Energy Ltd. (NASDAQ:EPSN – Get Rating), sold 70,567 shares in a trade dated Thursday, June 2. The shares were sold at an average price of $7.07, for a total value of $498,908.69. Following the completion of the sale, the insider now directly owns 3,650,167 shares of the company, valued at approximately $25,806,680.69. The transaction was disclosed in a document filed with the SEC, which is available via this link. Large shareholders who own at least 10% 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 Tuesday, May 31, Solas Capital Management, Llc sold 32,889 shares of Epsilon Energy. The shares were sold at an average price of $7.14, for a total value of $234,827.46.
  • On Friday, May 27, Solas Capital Management, Llc sold 51,550 shares of Epsilon Energy. The stock was sold at an average price of $7.12, for a total value of $367,036.00.
  • On Wednesday, May 25, Solas Capital Management, Llc sold 18,857 shares of Epsilon Energy. The stock was sold at an average price of $7.05, for a total value of $132,941.85.
  • On Monday, May 23, Solas Capital Management, Llc sold 26,472 shares of Epsilon Energy. The stock was sold at an average price of $7.02, for a total value of $185,833.44.
  • On Monday, May 16, Solas Capital Management, Llc sold 19,000 shares of Epsilon Energy. The stock was sold at an average price of $7.10, for a total value of $134,900.00.
  • On Friday May 13, Solas Capital Management, Llc sold 18,457 shares of Epsilon Energy. The stock was sold at an average price of $7.09, for a total value of $130,860.13.
  • On Wednesday, May 11, Solas Capital Management, Llc sold 13,000 shares of Epsilon Energy. The stock was sold at an average price of $7.05, for a total value of $91,650.00.
  • On Monday, May 9, Solas Capital Management, Llc sold 12,658 shares of Epsilon Energy. The stock was sold at an average price of $7.07, for a total value of $89,492.06.
  • On Thursday, May 5, Solas Capital Management, Llc sold 31,642 shares of Epsilon Energy. The stock was sold at an average price of $7.50, for a total value of $237,315.00.
  • On Tuesday, May 3, Solas Capital Management, Llc sold 61,500 shares of Epsilon Energy. The stock was sold at an average price of $7.46, for a total value of $458,790.00.

EPSN lost $0.04 in Friday trading, hitting $7.06. 424,322 shares were traded, against an average volume of 110,404. The company has a market capitalization of $167.84 million, a P/E ratio of 11.64 and a beta of 0.20. Epsilon Energy Ltd. has a 1-year minimum of $4.03 and a 1-year maximum of $7.99. The stock has a fifty-day moving average price of $6.93 and a two-hundred-day moving average price of $6.05.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.063 per share. This represents an annualized dividend of $0.25 and a yield of 3.57%. The ex-dividend date is Tuesday, June 14. The dividend payout ratio (DPR) of Epsilon Energy is 40.98%.

Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Acadian Asset Management LLC increased its position in Epsilon Energy by 38.3% during the fourth quarter. Acadian Asset Management LLC now owns 39,760 shares of the company worth $224,000 after purchasing an additional 11,009 shares during the period. BlackRock Inc. increased its stake in shares of Epsilon Energy by 1,029.2% in the third quarter. BlackRock Inc. now owns 34,374 shares of the company valued at $222,000 after purchasing an additional 31,330 shares in the last quarter. Dimensional Fund Advisors LP increased its equity stake in Epsilon Energy by 4.7% in Q1. Dimensional Fund Advisors LP now owns 185,069 shares of the company valued at $1,194,000 after buying 8,277 additional shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Epsilon Energy by 43.2% in the 1st quarter. Renaissance Technologies LLC now owns 130,489 shares of the company valued at $842,000 after purchasing an additional 39,389 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Epsilon Energy by 9.3% in the 1st quarter. State Street Corp now owns 71,380 shares of the company valued at $460,000 after buying an additional 6,080 shares in the last quarter. 48.75% of the shares are currently held by institutional investors.

Company Profile Epsilon Energy (Get a rating)

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.

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