Truffle Hound Capital LLC Invests $5.05 Million in Energy Services of America Co. (NASDAQ:ESOA)

Truffle Hound Capital LLC bought a new position in shares of Energy Services of America Co. (NASDAQ:ESOA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 400,000 shares of the company’s stock, valued at approximately $5,048,000. Energy Services of America makes up approximately 1.8% of Truffle Hound Capital LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also made changes to their positions in ESOA. Bank of New York Mellon Corp acquired a new stake in Energy Services of America in the fourth quarter valued at $1,318,000. Verdence Capital Advisors LLC acquired a new stake in Energy Services of America in the fourth quarter valued at $821,000. Empowered Funds LLC acquired a new stake in Energy Services of America in the fourth quarter valued at $731,000. XTX Topco Ltd acquired a new stake in Energy Services of America in the third quarter valued at $401,000. Finally, Nkcfo LLC acquired a new stake in Energy Services of America in the fourth quarter valued at $316,000. 2.13% of the stock is owned by institutional investors and hedge funds.

Energy Services of America Stock Down 2.3 %

ESOA opened at $9.42 on Friday. The firm’s fifty day moving average price is $10.87 and its 200 day moving average price is $11.82. Energy Services of America Co. has a 12-month low of $5.70 and a 12-month high of $19.83.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05).

Energy Services of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Monday, March 31st. This represents a $0.12 annualized dividend and a yield of 1.27%. Energy Services of America’s payout ratio is 16.39%.

Insider Buying and Selling at Energy Services of America

In other Energy Services of America news, Director Mark Prince bought 21,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was purchased at an average price of $10.96 per share, for a total transaction of $230,160.00. Following the completion of the purchase, the director now directly owns 100,071 shares in the company, valued at approximately $1,096,778.16. This trade represents a 26.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.68% of the stock is owned by insiders.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.