Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Update

Enerpac Tool Group Corp. (NYSE:EPAC) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 789,200 shares, a decrease of 21.9% from the October 15th total of 1,010,000 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 318,500 shares, the short-interest ratio is presently 2.5 days.

Insider Activity at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total value of $85,601.46. Following the completion of the transaction, the director now owns 86,047 shares of the company’s stock, valued at $3,800,695.99. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Enerpac Tool Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Enerpac Tool Group by 31.2% during the third quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock worth $42,000 after purchasing an additional 238 shares during the period. XTX Topco Ltd increased its position in Enerpac Tool Group by 3.5% during the 2nd quarter. XTX Topco Ltd now owns 7,497 shares of the company’s stock worth $286,000 after purchasing an additional 251 shares in the last quarter. USA Financial Formulas lifted its stake in Enerpac Tool Group by 15.5% in the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock valued at $79,000 after purchasing an additional 254 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Enerpac Tool Group by 2.1% during the second quarter. Arizona State Retirement System now owns 15,188 shares of the company’s stock worth $580,000 after buying an additional 312 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of Enerpac Tool Group by 0.9% during the first quarter. Texas Permanent School Fund Corp now owns 47,373 shares of the company’s stock worth $1,689,000 after buying an additional 429 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

NYSE:EPAC traded down $0.55 during mid-day trading on Friday, hitting $47.56. The stock had a trading volume of 300,159 shares, compared to its average volume of 411,267. Enerpac Tool Group has a twelve month low of $27.06 and a twelve month high of $51.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 2.88. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 30.49 and a beta of 1.14. The company’s 50 day simple moving average is $43.85 and its 200 day simple moving average is $40.65.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. The business had revenue of $158.71 million for the quarter, compared to analyst estimates of $156.70 million. During the same period in the prior year, the business earned $0.42 EPS. On average, equities research analysts forecast that Enerpac Tool Group will post 1.81 earnings per share for the current year.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.