Aristides Capital LLC Purchases Shares of 44,119 Energy Services of America Co. $ESOA

Aristides Capital LLC bought a new position in Energy Services of America Co. (NASDAQ:ESOA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 44,119 shares of the company’s stock, valued at approximately $579,000.

A number of other institutional investors also recently modified their holdings of ESOA. Needham Investment Management LLC lifted its holdings in Energy Services of America by 67.3% in the 4th quarter. Needham Investment Management LLC now owns 585,440 shares of the company’s stock worth $4,783,000 after buying an additional 235,440 shares during the period. Millennium Management LLC increased its stake in shares of Energy Services of America by 90.4% during the third quarter. Millennium Management LLC now owns 382,589 shares of the company’s stock valued at $3,960,000 after buying an additional 181,631 shares during the period. Geode Capital Management LLC lifted its stake in Energy Services of America by 111.3% in the second quarter. Geode Capital Management LLC now owns 267,626 shares of the company’s stock worth $2,661,000 after acquiring an additional 140,986 shares during the period. Balyasny Asset Management L.P. lifted its stake in Energy Services of America by 51.6% in the second quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company’s stock worth $3,709,000 after acquiring an additional 127,016 shares during the period. Finally, Sei Investments Co. bought a new stake in Energy Services of America in the first quarter valued at $1,144,000. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ESOA. Weiss Ratings raised shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Lake Street Capital restated a “buy” rating and issued a $25.00 price objective on shares of Energy Services of America in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Insider Activity at Energy Services of America

In other Energy Services of America news, President Douglas V. Reynolds bought 6,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $16.26 per share, with a total value of $97,560.00. Following the transaction, the president owned 1,487,270 shares in the company, valued at $24,183,010.20. This represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marshall T. Reynolds sold 35,058 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $14.98, for a total transaction of $525,168.84. Following the transaction, the director owned 1,225,373 shares in the company, valued at $18,356,087.54. This represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,000 shares of company stock valued at $3,813,537 over the last ninety days. Insiders own 44.68% of the company’s stock.

Energy Services of America Stock Performance

NASDAQ:ESOA opened at $16.72 on Friday. Energy Services of America Co. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The firm has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $14.38.

Energy Services of America (NASDAQ:ESOA) last issued its earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.17. The firm had revenue of $93.17 million during the quarter, compared to the consensus estimate of $80.90 million.

Energy Services of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.03. Energy Services of America’s dividend payout ratio is 87.43%.

Energy Services of America Company Profile

Energy Services of America, Inc (NASDAQ: ESOA) is a provider of natural gas compression equipment and services to energy producers, pipeline operators, and landowners across North America. The company designs, manufactures, and distributes compression systems tailored to meet the needs of natural gas gathering, processing and transmission applications. Its offerings include the sale, lease, and repair of both new and reconditioned compression units, as well as aftermarket parts and field services that support ongoing system performance and reliability.

In addition to core compression services, Energy Services of America delivers turnkey solutions for pipeline operators and gas processors.