Paragon Associates & Paragon Associates II Joint Venture Trims Stake in Epsilon Energy Ltd. (NASDAQ:EPSN)

Paragon Associates & Paragon Associates II Joint Venture lessened its stake in Epsilon Energy Ltd. (NASDAQ:EPSN) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 745,000 shares of the company’s stock after selling 55,000 shares during the quarter. Epsilon Energy comprises about 10.7% of Paragon Associates & Paragon Associates II Joint Venture’s investment portfolio, making the stock its 4th largest holding. Paragon Associates & Paragon Associates II Joint Venture owned about 3.41% of Epsilon Energy worth $4,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EPSN. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 24,437 shares in the last quarter. Truffle Hound Capital LLC acquired a new position in shares of Epsilon Energy in the 4th quarter valued at approximately $1,490,000. LPL Financial LLC increased its stake 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 purchasing an additional 12,550 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its stake in Epsilon Energy by 1.5% during the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 117,077 shares of the company’s stock worth $727,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Epsilon Energy by 4.8% during the 4th quarter. Empowered Funds LLC now owns 90,366 shares of the company’s stock worth $561,000 after buying an additional 4,115 shares during the period. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Stock Down 1.5 %

Epsilon Energy stock opened at $7.06 on Tuesday. The company has a 50 day moving average of $6.56 and a 200-day moving average of $6.14. Epsilon Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $7.32. The stock has a market capitalization of $155.38 million, a PE ratio of 28.24 and a beta of 0.33.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.04 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 company had revenue of $8.94 million during the quarter, compared to the consensus estimate of $7.20 million. During the same period in the prior year, the firm posted $0.31 earnings per share. Equities analysts anticipate that Epsilon Energy Ltd. will post 0.2 EPS for the current fiscal year.

Epsilon Energy Dividend Announcement

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