Hillsdale Investment Management Inc. Trims Stock Holdings in Energy Services of America Co. (NASDAQ:ESOA)

Hillsdale Investment Management Inc. cut its holdings in shares of Energy Services of America Co. (NASDAQ:ESOA) by 41.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,500 shares of the company’s stock after selling 8,700 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Energy Services of America were worth $158,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Energy Services of America in the fourth quarter worth $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Energy Services of America during the 4th quarter worth $140,000. Virtu Financial LLC increased its position in shares of Energy Services of America by 35.4% in the 3rd quarter. Virtu Financial LLC now owns 21,110 shares of the company’s stock worth $201,000 after purchasing an additional 5,516 shares during the last quarter. Nkcfo LLC acquired a new stake in shares of Energy Services of America in the 4th quarter valued at about $316,000. Finally, State Street Corp lifted its position in shares of Energy Services of America by 16.4% during the third quarter. State Street Corp now owns 35,529 shares of the company’s stock worth $338,000 after purchasing an additional 5,000 shares during the last quarter. 2.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Energy Services of America

In related news, Director Mark Prince acquired 21,000 shares of Energy Services of America stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average price of $10.96 per share, for a total transaction of $230,160.00. Following the transaction, the director now directly owns 100,071 shares of the company’s stock, valued at $1,096,778.16. This trade represents a 26.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 44.68% of the company’s stock.

Energy Services of America Trading Up 8.4 %

NASDAQ:ESOA opened at $10.21 on Tuesday. The stock has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $11.84. Energy Services of America Co. has a one year low of $5.70 and a one year 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, March 31st. Energy Services of America’s dividend payout ratio (DPR) is presently 65.57%.

Energy Services of America 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.