Epsilon Energy Ltd. (NASDAQ:EPSN) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in Epsilon Energy Ltd. (NASDAQ:EPSN - Free Report) by 696.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 288,341 shares of the company's stock after purchasing an additional 252,136 shares during the quarter. International Assets Investment Management LLC owned approximately 1.32% of Epsilon Energy worth $1,690,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Epsilon Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 958,204 shares of the company's stock worth $5,265,000 after purchasing an additional 2,537 shares during the period. Empowered Funds LLC lifted its holdings in Epsilon Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 76,203 shares of the company's stock worth $419,000 after acquiring an additional 5,742 shares during the last quarter. Perritt Capital Management Inc bought a new position in Epsilon Energy in the second quarter worth about $109,000. Finally, Meixler Investment Management Ltd. boosted its stake in Epsilon Energy by 159.7% in the second quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company's stock valued at $178,000 after acquiring an additional 20,050 shares during the period. Institutional investors own 60.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Roth Capital upgraded Epsilon Energy to a "strong-buy" rating in a research report on Tuesday, October 1st. Roth Mkm initiated coverage on Epsilon Energy in a research report on Tuesday, October 1st. They issued a "buy" rating and a $7.00 target price on the stock.

Epsilon Energy Trading Up 4.9 %

NASDAQ:EPSN traded up $0.28 during mid-day trading on Monday, hitting $5.95. The stock had a trading volume of 27,539 shares, compared to its average volume of 47,494. The company has a 50 day simple moving average of $5.62 and a 200-day simple moving average of $5.46. The stock has a market capitalization of $130.66 million, a price-to-earnings ratio of 22.68 and a beta of 0.40. Epsilon Energy Ltd. has a 52 week low of $4.70 and a 52 week high of $6.20.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $7.31 million for the quarter. Epsilon Energy had a return on equity of 5.31% and a net margin of 17.59%. As a group, equities research analysts anticipate that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 4.24%. The ex-dividend date was Friday, September 13th. Epsilon Energy's payout ratio is currently 100.00%.

Insiders Place Their Bets

In other Epsilon Energy news, CEO Jason Stabell purchased 9,139 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $5.28 per share, with a total value of $48,253.92. Following the completion of the acquisition, the chief executive officer now owns 396,339 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 5.53% of the stock is currently owned by insiders.

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.