HarbourVest Partners LLC Acquires New Position in Epsilon Energy Ltd. $EPSN

HarbourVest Partners LLC acquired a new stake in Epsilon Energy Ltd. (NASDAQ:EPSN) during the fourth quarter, Holdings Channel.com reports. The fund acquired 840,598 shares of the company’s stock, valued at approximately $3,900,000. Epsilon Energy comprises about 2.2% of HarbourVest Partners LLC’s holdings, making the stock its 5th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in EPSN. Marshall Wace LLP bought a new position in Epsilon Energy in the second quarter valued at approximately $2,869,000. Geode Capital Management LLC boosted its position in Epsilon Energy by 95.3% in the second quarter. Geode Capital Management LLC now owns 486,684 shares of the company’s stock valued at $3,592,000 after buying an additional 237,507 shares in the last quarter. Hillman Co. acquired a new stake in Epsilon Energy in the fourth quarter valued at approximately $680,000. Squarepoint Ops LLC acquired a new stake in Epsilon Energy in the third quarter valued at approximately $529,000. Finally, Punch & Associates Investment Management Inc. boosted its position in Epsilon Energy by 47.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 311,905 shares of the company’s stock valued at $1,572,000 after buying an additional 100,705 shares in the last quarter. 60.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Epsilon Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Epsilon Energy Stock Performance

Shares of Epsilon Energy stock opened at $5.38 on Wednesday. Epsilon Energy Ltd. has a fifty-two week low of $4.20 and a fifty-two week high of $8.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $162.75 million, a P/E ratio of -14.54 and a beta of -0.18. The company’s 50 day moving average price is $6.01 and its two-hundred day moving average price is $5.39.

Epsilon Energy (NASDAQ:EPSN) last issued its earnings results on Tuesday, March 24th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. Epsilon Energy had a negative net margin of 13.33% and a positive return on equity of 8.03%. The firm had revenue of $14.82 million for the quarter, compared to analyst estimates of $11.36 million.

Epsilon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0625 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 4.6%. Epsilon Energy’s dividend payout ratio (DPR) is currently -67.57%.

Epsilon Energy declared that its Board of Directors has approved a share repurchase program on Thursday, February 26th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Epsilon Energy 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.