Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Update

Enerpac Tool Group Corp. (NYSE:EPACGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 540,500 shares, an increase of 7.4% from the May 15th total of 503,100 shares. Based on an average daily volume of 289,400 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Enerpac Tool Group

Large investors have recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Enerpac Tool Group during the fourth quarter valued at about $378,000. CenterBook Partners LP raised its position in Enerpac Tool Group by 96.7% during the third quarter. CenterBook Partners LP now owns 90,269 shares of the company’s stock valued at $2,386,000 after purchasing an additional 44,380 shares in the last quarter. Capital International Investors grew its stake in shares of Enerpac Tool Group by 2.8% during the fourth quarter. Capital International Investors now owns 4,347,380 shares of the company’s stock valued at $135,160,000 after buying an additional 118,691 shares during the last quarter. Invesco Ltd. grew its stake in shares of Enerpac Tool Group by 39.0% during the third quarter. Invesco Ltd. now owns 351,954 shares of the company’s stock valued at $9,302,000 after buying an additional 98,763 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Enerpac Tool Group by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 578,582 shares of the company’s stock valued at $15,292,000 after buying an additional 15,485 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 0.8 %

Shares of Enerpac Tool Group stock traded up $0.32 on Wednesday, hitting $38.54. The company had a trading volume of 297,055 shares, compared to its average volume of 228,856. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.41 and a current ratio of 3.11. Enerpac Tool Group has a 1 year low of $24.58 and a 1 year high of $39.49. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 30.32 and a beta of 1.18. The stock has a 50 day moving average of $37.19 and a 200-day moving average of $33.83.

Enerpac Tool Group (NYSE:EPACGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Enerpac Tool Group had a return on equity of 26.38% and a net margin of 11.75%. The company had revenue of $138.44 million for the quarter, compared to the consensus estimate of $141.10 million. During the same quarter last year, the business posted $0.35 earnings per share. As a group, sell-side analysts forecast that Enerpac Tool Group will post 1.75 earnings per share for the current year.

Enerpac Tool Group Company Profile

(Get Free Report)

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.

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