Solas Capital Management, Llc sells 70,567 shares of Epsilon Energy Ltd. (NASDAQ: EPSN)

Epsilon Energy Ltd. (NASDAQ: EPSN – Get a rating) major shareholder Solas Capital Management, Llc sold 70,567 shares of the company in a transaction that took place on Thursday, June 2. The stock was sold at an average price of $7.07, for a total transaction of $498,908.69. Following the completion of the transaction, the insider now directly owns 3,650,167 shares of the company, valued at $25,806,680.69. The transaction was disclosed in an SEC filing, which is available via this link. Major shareholders who own 10% or more of a company’s stock are required to disclose their sales and purchases to 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 stock was sold at an average price of $7.14, for a total transaction 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 transaction 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 transaction 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 transaction of $185,833.44.
  • 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 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 shares were 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.

Shares of NASDAQ EPSN traded down $0.04 during Friday’s midday session, hitting $7.06. 424,322 shares of the company were traded, against an average volume of 110,404. The company has a market capitalization of $167.84 million, a price-earnings ratio of 11.64 and a beta of 0.20. Epsilon Energy Ltd. has a 52-week low of $4.03 and a 52-week high of $7.99. The company’s 50-day moving average is $6.93 and its 200-day moving average is $6.05.

Epsilon Energy (NASDAQ: EPSN – Get a rating) last released its quarterly results on Wednesday, March 23. The company reported earnings per share of $0.33 for the quarter. The company had revenue of $13.80 million in 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 a dividend of $0.25 on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Tuesday, June 14. Epsilon Energy’s dividend payout ratio is currently 40.98%.

Institutional investors have recently changed their positions in the stock. Morgan Stanley bought a new position in Epsilon Energy during Q3, valued at around $112,000. Geode Capital Management LLC bought a new position in Epsilon Energy during Q3, valued at approximately $152,000. BlackRock Inc. increased its stake in Epsilon Energy by 1,029.2% in Q3. BlackRock Inc. now owns 34,374 shares of the company valued at $222,000 after acquiring an additional 31,330 shares during the period. Acadian Asset Management LLC increased its stake in Epsilon Energy by 38.3% during the 4th quarter. Acadian Asset Management LLC now owns 39,760 shares of the company valued at $224,000 after acquiring an additional 11,009 shares during the period. Finally, State Street Corp increased its stake in Epsilon Energy by 6.5% in the 4th quarter. State Street Corp now owns 65,300 shares of the company valued at $370,000 after acquiring an additional 4,000 shares during the period. Institutional investors hold 48.75% of the company’s shares.

About 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.

Recommended Stories

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

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Epsilon Energy right now?

Before you consider Epsilon Energy, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Epsilon Energy was not on the list.

While Epsilon Energy currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here