Enerpac Tool Group Corp. (NYSE:EPAC) Sees Significant Growth in Short Interest

Enerpac Tool Group Corp. (NYSE:EPAC) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 751,600 shares, a growth of 24.6% from the June 15th total of 603,200 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily volume of 307,100 shares, the days-to-cover ratio is currently 2.4 days.

Insider Buying and Selling

In other news, Director E James Ferland, Jr. sold 1,937 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $37.92, for a total value of $73,451.04. Following the completion of the sale, the director now directly owns 86,047 shares of the company’s stock, valued at approximately $3,262,902.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Enerpac Tool Group

Large investors have recently modified their holdings of the business. Capital International Investors grew its stake in Enerpac Tool Group by 2.8% in the fourth quarter. Capital International Investors now owns 4,347,380 shares of the company’s stock worth $135,160,000 after purchasing an additional 118,691 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of Enerpac Tool Group by 6.2% during the first quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company’s stock worth $113,812,000 after buying an additional 186,335 shares during the period. Jennison Associates LLC boosted its position in shares of Enerpac Tool Group by 3.1% during the fourth quarter. Jennison Associates LLC now owns 2,744,463 shares of the company’s stock worth $85,325,000 after buying an additional 82,602 shares during the period. Cooke & Bieler LP increased its stake in shares of Enerpac Tool Group by 4.6% in the fourth quarter. Cooke & Bieler LP now owns 1,477,913 shares of the company’s stock worth $45,948,000 after acquiring an additional 64,685 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its stake in shares of Enerpac Tool Group by 22.6% in the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock worth $21,194,000 after acquiring an additional 109,463 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Trading Up 3.7 %

Shares of EPAC traded up $1.48 during trading hours on Tuesday, hitting $41.47. The stock had a trading volume of 81,420 shares, compared to its average volume of 290,016. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.20 and a current ratio of 2.85. The firm has a market cap of $2.25 billion, a P/E ratio of 26.88 and a beta of 1.15. The company’s fifty day simple moving average is $38.21 and its 200 day simple moving average is $34.92. Enerpac Tool Group has a 12-month low of $24.58 and a 12-month high of $41.47.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Monday, June 24th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Enerpac Tool Group had a return on equity of 26.80% and a net margin of 14.13%. The firm had revenue of $150.39 million during the quarter, compared to the consensus estimate of $153.20 million. During the same period in the prior year, the firm earned $0.39 EPS. Equities research analysts forecast that Enerpac Tool Group will post 1.75 EPS 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.