Kayne Anderson Rudnick Investment Management LLC Grows Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 208.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,034,256 shares of the company’s stock after buying an additional 2,726,293 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 7.43% of Enerpac Tool Group worth $154,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Enerpac Tool Group by 90.1% during the 1st quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $33,000 after buying an additional 444 shares during the last quarter. CWM LLC lifted its position in Enerpac Tool Group by 89.3% in the second quarter. CWM LLC now owns 2,275 shares of the company’s stock valued at $87,000 after acquiring an additional 1,073 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Enerpac Tool Group in the second quarter valued at $204,000. Foundry Partners LLC purchased a new position in shares of Enerpac Tool Group during the first quarter worth about $226,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of Enerpac Tool Group during the second quarter worth about $273,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director E James Ferland, Jr. sold 1,937 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $37.92, for a total value of $73,451.04. Following the transaction, the director now owns 86,047 shares of the company’s stock, valued at $3,262,902.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

Enerpac Tool Group Stock Down 0.2 %

Enerpac Tool Group stock opened at $41.91 on Friday. The stock has a 50-day simple moving average of $40.23 and a 200-day simple moving average of $37.89. The company has a market capitalization of $2.28 billion, a P/E ratio of 27.57 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.20 and a current ratio of 2.85. Enerpac Tool Group Corp. has a fifty-two week low of $25.65 and a fifty-two week high of $42.86.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Monday, June 24th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. The business had revenue of $150.39 million for the quarter, compared to analyst estimates of $153.20 million. During the same period last year, the firm posted $0.39 earnings per share. Equities research analysts expect that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current year.

Enerpac Tool Group Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, October 7th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a dividend yield of 0.1%. Enerpac Tool Group’s dividend payout ratio (DPR) is 2.63%.

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.