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

Enerpac Tool Group Corp. (NYSE:EPAC) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 827,400 shares, a growth of 27.8% from the December 31st total of 647,400 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 362,100 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of Enerpac Tool Group

A number of hedge funds have recently made changes to their positions in EPAC. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 238 shares during the period. USA Financial Formulas grew its stake in Enerpac Tool Group by 15.5% during the third quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after purchasing an additional 254 shares during the period. SkyView Investment Advisors LLC increased its holdings in Enerpac Tool Group by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company’s stock worth $713,000 after purchasing an additional 276 shares in the last quarter. Quarry LP lifted its stake in Enerpac Tool Group by 110.7% in the third quarter. Quarry LP now owns 830 shares of the company’s stock valued at $35,000 after buying an additional 436 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Enerpac Tool Group by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company’s stock worth $662,000 after buying an additional 447 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Performance

EPAC traded up $0.28 during trading on Friday, hitting $45.19. The stock had a trading volume of 458,719 shares, compared to its average volume of 271,128. The company has a 50 day moving average price of $44.70 and a 200-day moving average price of $43.26. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 27.55 and a beta of 1.18. Enerpac Tool Group has a one year low of $30.43 and a one year high of $51.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, research analysts predict that Enerpac Tool Group will post 1.78 EPS 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.