Enerpac Tool Group Corp. (NYSE:EPAC) Sees Large Decrease in Short Interest

Enerpac Tool Group Corp. (NYSE:EPAC) was the recipient of a significant decrease in short interest in 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 shares of the stock are short sold. Based on an average daily trading volume, of 318,500 shares, the short-interest ratio is currently 2.5 days.

Insiders Place Their Bets

In related news, Director E James Ferland, Jr. sold 1,938 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the transaction, the director now directly owns 86,047 shares in the company, valued at $3,800,695.99. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Enerpac Tool Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake 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 boosted its holdings in shares of 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 buying an additional 251 shares in the last quarter. USA Financial Formulas grew 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. Arizona State Retirement System increased its stake in shares of Enerpac Tool Group by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 15,188 shares of the company’s stock valued at $580,000 after acquiring an additional 312 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in 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 acquiring an additional 429 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Trading Down 1.1 %

Shares of Enerpac Tool Group stock traded down $0.55 on Friday, hitting $47.56. The stock had a trading volume of 300,159 shares, compared to its average volume of 411,267. The stock has a 50 day moving average of $43.85 and a 200 day moving average of $40.65. The firm has a market capitalization of $2.58 billion, a P/E ratio of 30.49 and a beta of 1.14. 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.

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). The business had revenue of $158.71 million during the quarter, compared to analyst estimates of $156.70 million. Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. During the same quarter last year, the company posted $0.42 earnings per share. Sell-side analysts expect that Enerpac Tool Group will post 1.81 earnings per share for the current fiscal year.

About Enerpac Tool Group

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.