HarbourVest Partners LLC Invests $3.90 Million in Epsilon Energy Ltd. $EPSN

HarbourVest Partners LLC bought a new position in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 840,598 shares of the company’s stock, valued at approximately $3,900,000. Epsilon Energy accounts for about 2.2% of HarbourVest Partners LLC’s investment portfolio, making the stock its 5th biggest position. HarbourVest Partners LLC owned 2.81% of Epsilon Energy as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of Epsilon Energy by 179.8% during the third quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock worth $32,000 after purchasing an additional 4,109 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Epsilon Energy by 1,014.3% during the second quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock worth $58,000 after purchasing an additional 7,100 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Epsilon Energy by 23,847.4% during the second quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock worth $67,000 after purchasing an additional 9,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Epsilon Energy during the second quarter worth approximately $78,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Epsilon Energy during the first quarter worth approximately $77,000. 60.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Epsilon Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Epsilon Energy Price Performance

Shares of NASDAQ:EPSN opened at $5.38 on Wednesday. The firm has a 50 day moving average of $6.01 and a 200-day moving average of $5.39. The stock has a market capitalization of $162.75 million, a PE ratio of -14.54 and a beta of -0.18. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. Epsilon Energy Ltd. has a 12 month low of $4.20 and a 12 month high of $8.50.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings data on Tuesday, March 24th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The business had revenue of $14.82 million for the quarter, compared to analysts’ expectations of $11.36 million. Epsilon Energy had a negative net margin of 13.33% and a positive return on equity of 8.03%.

Epsilon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th. Epsilon Energy’s dividend payout ratio (DPR) is -67.57%.

Epsilon Energy declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 26th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

About Epsilon Energy

Epsilon Energy (NASDAQ: EPSN) is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company’s core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.