Tidal Investments LLC Acquires 2,780 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Tidal Investments LLC raised its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,419 shares of the company’s stock after buying an additional 2,780 shares during the quarter. Tidal Investments LLC’s holdings in Enerpac Tool Group were worth $772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quarry LP increased its holdings in Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after purchasing an additional 436 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Enerpac Tool Group in the third quarter valued at about $40,000. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 238 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Enerpac Tool Group during the third quarter worth about $42,000. Finally, USA Financial Formulas raised its position 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 buying an additional 254 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Shares of EPAC opened at $44.16 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48. Enerpac Tool Group Corp. has a twelve month low of $28.25 and a twelve month high of $51.91. The stock has a market capitalization of $2.39 billion, a P/E ratio of 28.31 and a beta of 1.15. The company has a 50 day moving average of $46.92 and a 200-day moving average of $42.36.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. As a group, equities research analysts forecast that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

Insider Activity at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the completion of the sale, the director now owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. This represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.

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.