Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Up 9.1% in November

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

Enerpac Tool Group Price Performance

Shares of EPAC opened at $48.81 on Tuesday. 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 stock has a market cap of $2.64 billion, a P/E ratio of 31.29 and a beta of 1.15. The stock’s 50-day moving average price is $46.68 and its two-hundred day moving average price is $42.22. 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 earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. The firm had revenue of $158.71 million during the quarter, compared to analyst estimates of $156.70 million. During the same quarter last year, the business posted $0.42 earnings per share. On average, equities analysts predict that Enerpac Tool Group will post 1.81 earnings per share for the current year.

Insider Activity

In related news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the sale, the director now directly owns 86,047 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Enerpac Tool Group

Several large investors have recently modified their holdings of EPAC. Tidal Investments LLC boosted its holdings in shares of Enerpac Tool Group by 17.8% in the third quarter. Tidal Investments LLC now owns 18,419 shares of the company’s stock valued at $772,000 after buying an additional 2,780 shares during the period. SkyView Investment Advisors LLC boosted its stake in Enerpac Tool Group by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company’s stock worth $713,000 after purchasing an additional 276 shares during the period. Chiron Investment Management LLC bought a new position in Enerpac Tool Group during the 3rd quarter worth about $184,000. Geode Capital Management LLC raised its stake in shares of Enerpac Tool Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company’s stock valued at $51,797,000 after purchasing an additional 21,056 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Enerpac Tool Group by 321.7% in the third quarter. Barclays PLC now owns 107,979 shares of the company’s stock valued at $4,524,000 after purchasing an additional 82,376 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

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.