Los Angeles Capital Management LLC Takes $492,000 Position in Epsilon Energy Ltd. $EPSN

Los Angeles Capital Management LLC bought a new stake in Epsilon Energy Ltd. (NASDAQ:EPSN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 66,695 shares of the company’s stock, valued at approximately $492,000. Los Angeles Capital Management LLC owned 0.30% of Epsilon Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EPSN. Bridgeway Capital Management LLC raised its position in shares of Epsilon Energy by 1.9% in the first quarter. Bridgeway Capital Management LLC now owns 413,406 shares of the company’s stock valued at $2,919,000 after buying an additional 7,643 shares during the last quarter. Clayton Partners LLC grew its stake in Epsilon Energy by 3.6% during the 1st quarter. Clayton Partners LLC now owns 355,261 shares of the company’s stock valued at $2,508,000 after acquiring an additional 12,400 shares in the last quarter. LPL Financial LLC raised its holdings in Epsilon Energy by 26.0% in the 1st quarter. LPL Financial LLC now owns 181,685 shares of the company’s stock valued at $1,283,000 after acquiring an additional 37,455 shares during the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. raised its holdings in Epsilon Energy by 6.3% in the 1st quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 124,400 shares of the company’s stock valued at $878,000 after acquiring an additional 7,323 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Epsilon Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 98,009 shares of the company’s stock worth $692,000 after purchasing an additional 7,643 shares in the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Epsilon Energy Stock Up 0.8%

EPSN opened at $4.85 on Friday. Epsilon Energy Ltd. has a 52 week low of $4.36 and a 52 week high of $8.50. The business has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $6.20. The firm has a market cap of $107.02 million, a P/E ratio of 20.21 and a beta of 0.04.

Epsilon Energy (NASDAQ:EPSN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $8.98 million for the quarter, compared to analyst estimates of $11.50 million. Epsilon Energy had a net margin of 11.75% and a return on equity of 6.71%. Sell-side analysts expect that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.0625 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.25 annualized dividend and a dividend yield of 5.2%. Epsilon Energy’s payout ratio is 92.59%.

Insiders Place Their Bets

In related news, major shareholder Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $5.03, for a total value of $125,750.00. Following the completion of the transaction, the insider owned 3,619,613 shares in the company, valued at $18,206,653.39. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Williamson purchased 12,500 shares of the stock in a transaction on Tuesday, September 30th. The shares were purchased at an average price of $4.94 per share, with a total value of $61,750.00. Following the acquisition, the chief financial officer directly owned 72,500 shares in the company, valued at $358,150. This represents a 20.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 74,427 shares of company stock worth $382,509 in the last ninety days. Corporate insiders own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EPSN. Wall Street Zen cut shares of Epsilon Energy from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Epsilon Energy in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.40.

Epsilon Energy Profile

Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, development, gathering, and production of natural oil and gas reserves in the United States. The company operates through Upstream and Gathering System segments. It has natural gas production in the Marcellus Shale in Pennsylvania; and oil, natural gas liquids, and natural gas production in the Permian Basin in Texas and New Mexico, and Anadarko Basin in Oklahoma.