International Assets Investment Management LLC Purchases 252,136 Shares of Epsilon Energy Ltd. (NASDAQ:EPSN)

International Assets Investment Management LLC raised its holdings in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) by 696.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 288,341 shares of the company’s stock after buying an additional 252,136 shares during the period. International Assets Investment Management LLC’s holdings in Epsilon Energy were worth $1,690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perritt Capital Management Inc acquired a new position in Epsilon Energy during the second quarter worth $109,000. Meixler Investment Management Ltd. lifted its position in Epsilon Energy by 159.7% during the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock worth $178,000 after buying an additional 20,050 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Epsilon Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock worth $419,000 after buying an additional 5,742 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Epsilon Energy by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock valued at $5,265,000 after acquiring an additional 2,537 shares in the last quarter. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EPSN shares. Roth Capital upgraded Epsilon Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Roth Mkm started coverage on Epsilon Energy in a research note on Tuesday, October 1st. They set a “buy” rating and a $7.00 price objective on the stock.

Epsilon Energy Price Performance

Shares of EPSN opened at $5.67 on Monday. The company has a market cap of $124.51 million, a PE ratio of 22.68 and a beta of 0.40. The firm has a 50-day moving average of $5.62 and a 200-day moving average of $5.46. Epsilon Energy Ltd. has a one year low of $4.70 and a one year high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.04 earnings per share for the quarter. Epsilon Energy had a return on equity of 5.31% and a net margin of 17.59%. The firm had revenue of $7.31 million for the quarter. Analysts expect that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Friday, September 13th. Epsilon Energy’s dividend payout ratio (DPR) is presently 100.00%.

Insider Buying and Selling at Epsilon Energy

In related news, CEO Jason Stabell acquired 9,139 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $5.28 per share, for a total transaction of $48,253.92. Following the completion of the acquisition, the chief executive officer now directly owns 396,339 shares in the company, valued at approximately $2,092,669.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.53% of the company’s stock.

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.