Hillsdale Investment Management Inc. Buys New Stake in Epsilon Energy Ltd. $EPSN

Hillsdale Investment Management Inc. purchased a new position in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 40,100 shares of the company’s stock, valued at approximately $296,000. Hillsdale Investment Management Inc. owned 0.18% of Epsilon Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Epsilon Energy in the 2nd quarter valued at about $33,000. JPMorgan Chase & Co. raised its position in Epsilon Energy by 23,847.4% during the second quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock valued at $67,000 after acquiring an additional 9,062 shares in the last quarter. D.A. Davidson & CO. purchased a new position in Epsilon Energy during the second quarter valued at approximately $77,000. Cubist Systematic Strategies LLC acquired a new position in Epsilon Energy in the first quarter valued at approximately $77,000. Finally, Y Intercept Hong Kong Ltd boosted its position in Epsilon Energy by 23.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 16,256 shares of the company’s stock worth $115,000 after purchasing an additional 3,047 shares in the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Epsilon Energy Price Performance

Shares of NASDAQ:EPSN opened at $4.69 on Monday. The firm has a market capitalization of $103.49 million, a price-to-earnings ratio of 19.54 and a beta of 0.04. The business’s 50 day moving average price is $4.92 and its 200-day moving average price is $6.11. Epsilon Energy Ltd. has a 1 year low of $4.36 and a 1 year high of $8.50.

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

Epsilon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.25 dividend on an annualized basis and a yield of 5.3%. Epsilon Energy’s payout ratio is 92.59%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EPSN. Wall Street Zen lowered shares of Epsilon Energy from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Weiss Ratings reissued 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.40.

Insider Buying and Selling

In other news, CFO Andrew Williamson bought 12,500 shares of the firm’s stock in a transaction that occurred 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 purchase, the chief financial officer owned 72,500 shares in the company, valued at approximately $358,150. The trade was a 20.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $125,750.00. Following the completion of the transaction, the insider owned 3,619,613 shares of the company’s stock, valued at $18,206,653.39. This trade represents a 0.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 74,427 shares of company stock valued at $382,509 in the last 90 days. Insiders own 7.10% of the company’s stock.

About Epsilon Energy

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.