Paragon Associates & Paragon Associates II Joint Venture Sells 55,000 Shares of Epsilon Energy Ltd. (NASDAQ:EPSN)

Paragon Associates & Paragon Associates II Joint Venture trimmed its holdings in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) by 6.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 745,000 shares of the company’s stock after selling 55,000 shares during the period. Epsilon Energy makes up about 10.7% of Paragon Associates & Paragon Associates II Joint Venture’s holdings, making the stock its 4th largest holding. Paragon Associates & Paragon Associates II Joint Venture’s holdings in Epsilon Energy were worth $4,626,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barclays PLC acquired a new stake in shares of Epsilon Energy in the 3rd quarter valued at approximately $54,000. Geode Capital Management LLC raised its position in Epsilon Energy by 11.2% during the third 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. Empowered Funds LLC raised its position in Epsilon Energy by 4.8% during the fourth quarter. Empowered Funds LLC now owns 90,366 shares of the company’s stock worth $561,000 after acquiring an additional 4,115 shares in the last quarter. Meixler Investment Management Ltd. grew its position in shares of Epsilon Energy by 22.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,580 shares of the company’s stock valued at $177,000 after acquiring an additional 5,275 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Epsilon Energy in the 4th quarter valued at about $82,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Epsilon Energy Stock Performance

Shares of EPSN stock opened at $7.06 on Tuesday. Epsilon Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $7.32. The stock has a market cap of $155.38 million, a price-to-earnings ratio of 28.24 and a beta of 0.33. The firm’s 50-day moving average is $6.56 and its 200-day moving average is $6.14.

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

Epsilon Energy Dividend Announcement

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

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.