Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Down 21.9% in October

Enerpac Tool Group Corp. (NYSE:EPAC) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 789,200 shares, a drop of 21.9% from the October 15th total of 1,010,000 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average trading volume of 318,500 shares, the short-interest ratio is currently 2.5 days.

Enerpac Tool Group Stock Down 1.1 %

EPAC stock traded down $0.55 during trading hours on Friday, reaching $47.56. 300,159 shares of the stock were exchanged, compared to its average volume of 411,267. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 30.49 and a beta of 1.14. The firm’s 50-day moving average is $43.85 and its 200-day moving average is $40.65. Enerpac Tool Group has a 12 month low of $27.06 and a 12 month high of $51.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) 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 firm had revenue of $158.71 million during the quarter, compared to analyst estimates of $156.70 million. During the same period in the prior year, the business posted $0.42 EPS. On average, equities research analysts expect that Enerpac Tool Group will post 1.81 earnings per share for the current year.

Insider Activity at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total transaction of $85,601.46. Following the sale, the director now owns 86,047 shares of the company’s stock, valued at $3,800,695.99. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Enerpac Tool Group

A number of institutional investors have recently made changes to their positions in EPAC. Quarry LP grew its holdings in Enerpac Tool Group by 110.7% during the third quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after purchasing an additional 436 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Enerpac Tool Group during the third quarter worth approximately $40,000. GAMMA Investing LLC boosted its holdings 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 acquiring 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 approximately $42,000. Finally, USA Financial Formulas lifted its holdings in 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 purchasing an additional 254 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

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.