Epsilon Energy Ltd. (EPSN) to Issue Quarterly Dividend of $0.06 on March 31st

Epsilon Energy Ltd. (NASDAQ:EPSN) declared a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.0625 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, March 13th.

Epsilon Energy Price Performance

Shares of NASDAQ:EPSN opened at $5.41 on Thursday. The business’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $4.96. Epsilon Energy has a fifty-two week low of $4.20 and a fifty-two week high of $8.50. The stock has a market capitalization of $161.70 million, a price-to-earnings ratio of 20.04 and a beta of -0.07.

Insider Buying and Selling at Epsilon Energy

In other news, major shareholder Solas Capital Management, Llc sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $4.63, for a total transaction of $185,200.00. Following the transaction, the insider directly owned 3,554,613 shares in the company, valued at approximately $16,457,858.19. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 74,427 shares of company stock valued at $346,720 over the last ninety days. Insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its position in Epsilon Energy by 18.1% in the 4th quarter. NewEdge Advisors LLC now owns 14,456 shares of the company’s stock valued at $67,000 after buying an additional 2,214 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Epsilon Energy by 9.8% during the fourth quarter. Empowered Funds LLC now owns 41,256 shares of the company’s stock valued at $191,000 after acquiring an additional 3,671 shares during the period. Wellington Management Group LLP boosted its holdings in Epsilon Energy by 47.1% in the fourth quarter. Wellington Management Group LLP now owns 19,744 shares of the company’s stock valued at $92,000 after acquiring an additional 6,321 shares during the last quarter. Claro Advisors Inc. bought a new position in Epsilon Energy in the fourth quarter valued at about $53,000. Finally, Bridgeway Capital Management LLC increased its position in Epsilon Energy by 1.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 346,653 shares of the company’s stock worth $1,608,000 after purchasing an additional 3,671 shares during the period. Institutional investors own 60.33% of the company’s stock.

Epsilon Energy Company Profile

Epsilon Energy (NASDAQ: EPSN) is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company’s core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.