Short Interest in Enerpac Tool Group Corp. (NYSE:EPAC) Increases By 9.1%

Enerpac Tool Group Corp. (NYSE:EPAC) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 717,000 shares, an increase of 9.1% from the November 15th total of 656,900 shares. Based on an average daily trading volume, of 351,600 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.3% of the shares of the company are sold short.

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC opened at $48.81 on Tuesday. The business’s 50 day moving average is $46.68 and its 200-day moving average is $42.22. The company has a current ratio of 2.88, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2.64 billion, a PE ratio of 31.29 and a beta of 1.15. Enerpac Tool Group has a 1-year low of $28.25 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $158.71 million for the quarter, compared to analyst estimates of $156.70 million. Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. During the same quarter in the prior year, the firm earned $0.42 EPS. Sell-side analysts predict that Enerpac Tool Group will post 1.81 earnings per share for the current year.

Insider Transactions at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of the business’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 transaction, the director now directly owns 86,047 shares in the company, valued at $3,800,695.99. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Enerpac Tool Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new position in Enerpac Tool Group during the 3rd quarter valued at about $442,000. Quest Partners LLC bought a new position in shares of Enerpac Tool Group in the third quarter valued at approximately $1,312,000. Hennion & Walsh Asset Management Inc. bought a new stake in Enerpac Tool Group during the 2nd quarter worth approximately $204,000. CWM LLC raised its position in Enerpac Tool Group by 89.3% in the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock valued at $87,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Enerpac Tool Group by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock worth $26,033,000 after purchasing an additional 6,903 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

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.