Epsilon Energy Ltd. (NASDAQ:EPSN) Major shareholder Solas Capital Management, Llc sells 71,969 shares


Solas Capital Management, Llc, major shareholder of Epsilon Energy Ltd. (NASDAQ:EPSN – Get Rating), sold 71,969 shares of Epsilon Energy in a trade that took place on Wednesday, June 8. The shares were sold at an average price of $7.04, for a total transaction of $506,661.76. Following the completion of the transaction, the insider now directly owns 3,332,689 shares of the company, valued at approximately $23,462,130.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible 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 Friday, June 10, Solas Capital Management, Llc sold 24,220 shares of Epsilon Energy. The stock was sold at an average price of $7.00, for a total transaction of $169,540.00.
  • On Monday, June 6, Solas Capital Management, Llc sold 69,932 shares of Epsilon Energy. The stock was sold at an average price of $7.02, for a total transaction of $490,922.64.
  • On Thursday, June 2, Solas Capital Management, Llc sold 70,567 shares of Epsilon Energy. The stock was sold at an average price of $7.07, for a total transaction of $498,908.69.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $7.05, for a total transaction of $91,650.00.

EPSN shares rose $0.04 on Friday, hitting $6.99. The company had a trading volume of 216,179 shares, compared to its average volume of 121,239. The stock has a market capitalization of $166.17 million, a PE ratio of 11.41 and a beta of 0, 20. Epsilon Energy Ltd. has a one-year low of $4.13 and a one-year high of $7.99. The company’s 50-day moving average is $6.99 and its 200-day moving average is $6.12.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $0.063. The ex-dividend date is Tuesday, June 14. This represents a dividend of $0.25 on an annualized basis and a yield of 3.61%. Epsilon Energy’s dividend payout ratio (DPR) is currently 40.98%.

A number of hedge funds and other institutional investors have recently changed their holdings in EPSN. Vanguard Group Inc. increased its stake in Epsilon Energy by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 714,048 shares of the company valued at $4,605,000 after purchasing an additional 74,550 shares in the last quarter. Renaissance Technologies LLC increased its stake in 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. BlackRock Inc. increased its position in Epsilon Energy by 1,029.2% during Q3. BlackRock Inc. now owns 34,374 shares of the company valued at $222,000 after purchasing an additional 31,330 shares during the period. Acadian Asset Management LLC increased its position in Epsilon Energy by 69.4% during the 1st quarter. Acadian Asset Management LLC now owns 67,336 shares of the company valued at $433,000 after purchasing an additional 27,576 shares during the period. Finally, Geode Capital Management LLC acquired a new stake in Epsilon Energy during Q3 valued at approximately $152,000. Institutional investors and hedge funds 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.

Further reading

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



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