Exchange Traded Concepts LLC Invests $40,000 in Enerpac Tool Group Corp. (NYSE:EPAC)

Exchange Traded Concepts LLC bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 952 shares of the company’s stock, valued at approximately $40,000.

Other large investors have also added to or reduced their stakes in the company. Mechanics Bank Trust Department purchased a new position in shares of Enerpac Tool Group during the third quarter worth approximately $210,000. USA Financial Formulas grew its holdings 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 valued at $79,000 after purchasing an additional 254 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Enerpac Tool Group by 31.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after purchasing an additional 238 shares during the last quarter. Handelsbanken Fonder AB raised its position in Enerpac Tool Group by 28.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 16,174 shares of the company’s stock worth $678,000 after purchasing an additional 3,600 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Enerpac Tool Group in the third quarter worth $805,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Down 0.5 %

Shares of NYSE:EPAC opened at $43.49 on Thursday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 28.61 and a beta of 1.15. The stock’s 50-day moving average price is $41.46 and its 200-day moving average price is $39.23. The company has a current ratio of 2.85, a quick ratio of 2.20 and a debt-to-equity ratio of 0.52. Enerpac Tool Group Corp. has a 12-month low of $27.06 and a 12-month high of $44.88.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $158.71 million during the quarter, compared to analysts’ expectations of $156.70 million. Enerpac Tool Group had a return on equity of 26.80% and a net margin of 14.13%. During the same period last year, the firm earned $0.42 earnings per share. On average, equities analysts anticipate that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current year.

Enerpac Tool Group Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were issued a $0.04 dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend was Monday, October 7th. Enerpac Tool Group’s dividend payout ratio (DPR) is presently 2.63%.

Insider Buying and Selling at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,800,695.99. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

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.