Ballast Asset Management LP Has $2.46 Million Stock Position in Epsilon Energy Ltd. (NASDAQ:EPSN)

Ballast Asset Management LP lessened its stake in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 396,829 shares of the company’s stock after selling 5,712 shares during the period. Ballast Asset Management LP owned about 1.82% of Epsilon Energy worth $2,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truffle Hound Capital LLC acquired a new stake in shares of Epsilon Energy in the fourth quarter worth $1,490,000. Geode Capital Management LLC lifted its stake in Epsilon Energy by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock worth $1,425,000 after acquiring an additional 24,437 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Epsilon Energy in the 4th quarter worth about $82,000. LPL Financial LLC boosted its position in Epsilon Energy by 9.5% during the 4th quarter. LPL Financial LLC now owns 144,230 shares of the company’s stock worth $896,000 after acquiring an additional 12,550 shares during the period. Finally, Barclays PLC purchased a new position in Epsilon Energy during the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Price Performance

NASDAQ EPSN opened at $7.06 on Tuesday. The firm has a market capitalization of $155.38 million, a price-to-earnings ratio of 28.24 and a beta of 0.33. The company has a 50 day simple moving average of $6.56 and a 200-day simple moving average of $6.14. Epsilon Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $7.32.

Epsilon Energy (NASDAQ:EPSN) last released its earnings results on Wednesday, March 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. The company had revenue of $8.94 million during the quarter, compared to analysts’ expectations of $7.20 million. During the same quarter in the previous year, the company earned $0.31 EPS. On average, analysts predict that Epsilon Energy Ltd. will post 0.2 EPS for the current year.

Epsilon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, March 13th. Epsilon Energy’s payout ratio is currently 250.00%.

Epsilon Energy Company 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.