Aristides Capital LLC Acquires Shares of 7,008 Enerpac Tool Group Corp. (NYSE:EPAC)

Aristides Capital LLC purchased a new stake in Enerpac Tool Group Corp. (NYSE:EPAC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,008 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds have also recently bought and sold shares of EPAC. GAMMA Investing LLC raised its stake in shares of Enerpac Tool Group by 90.1% in the 1st quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $33,000 after purchasing an additional 444 shares in the last quarter. CWM LLC lifted its holdings in Enerpac Tool Group by 89.3% during the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after buying an additional 1,073 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Enerpac Tool Group in the 2nd quarter worth approximately $204,000. Algert Global LLC bought a new stake in shares of Enerpac Tool Group in the 2nd quarter valued at approximately $208,000. Finally, Foundry Partners LLC acquired a new stake in shares of Enerpac Tool Group during the 1st quarter valued at approximately $226,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 0.1 %

NYSE EPAC opened at $41.89 on Tuesday. The firm has a market capitalization of $2.27 billion, a PE ratio of 27.56 and a beta of 1.15. Enerpac Tool Group Corp. has a one year low of $25.65 and a one year high of $43.00. The company has a 50-day simple moving average of $40.41 and a 200-day simple moving average of $38.33. 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 Announces Dividend

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

Insider Transactions at Enerpac Tool Group

In related 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 transaction of $73,451.04. Following the completion of the transaction, the director now owns 86,047 shares in the company, valued at approximately $3,262,902.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.