Lisanti Capital Growth LLC Sells 9,565 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Lisanti Capital Growth LLC lowered its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 14.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,525 shares of the company’s stock after selling 9,565 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Enerpac Tool Group were worth $2,452,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in shares of Enerpac Tool Group during the 3rd quarter worth approximately $40,000. GAMMA Investing LLC lifted its position in shares of Enerpac Tool Group by 31.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock worth $42,000 after buying an additional 238 shares during the period. USA Financial Formulas lifted its position in shares of Enerpac Tool Group by 15.5% during the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after buying an additional 254 shares during the period. CWM LLC lifted its position in shares of Enerpac Tool Group by 89.3% during the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after buying an additional 1,073 shares during the period. Finally, Mechanics Bank Trust Department bought a new position in shares of Enerpac Tool Group during the 3rd quarter worth approximately $210,000. Institutional investors own 97.70% of the company’s stock.

Insider Activity at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the sale, the director now directly owns 86,047 shares of the company’s stock, valued at $3,800,695.99. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Enerpac Tool Group Price Performance

Enerpac Tool Group stock opened at $50.90 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31. The company has a market capitalization of $2.76 billion, a PE ratio of 32.63 and a beta of 1.14. Enerpac Tool Group Corp. has a one year low of $27.06 and a one year high of $51.79. The business has a 50 day simple moving average of $42.94 and a 200 day simple moving average of $40.22.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 earnings per share. On average, sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal 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.