Short Interest in Enerpac Tool Group Corp. (NYSE:EPAC) Expands By 7.4%

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

Enerpac Tool Group Price Performance

NYSE:EPAC traded up $0.32 during trading hours on Wednesday, reaching $38.54. 297,055 shares of the company were exchanged, compared to its average volume of 228,856. The company has a current ratio of 3.11, a quick ratio of 2.41 and a debt-to-equity ratio of 0.71. The stock’s 50-day moving average is $37.19 and its 200-day moving average is $33.83. The firm has a market cap of $2.09 billion, a PE ratio of 30.32 and a beta of 1.18. Enerpac Tool Group has a twelve month low of $24.58 and a twelve month high of $39.49.

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

Institutional Investors Weigh In On Enerpac Tool Group

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of Enerpac Tool Group by 90.1% in the first quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $33,000 after buying an additional 444 shares during the last quarter. Foundry Partners LLC purchased a new position in Enerpac Tool Group during the first quarter worth about $226,000. Skandinaviska Enskilda Banken AB publ raised its stake in Enerpac Tool Group by 72.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 6,900 shares of the company’s stock worth $182,000 after purchasing an additional 2,900 shares during the period. Premier Fund Managers Ltd purchased a new position in Enerpac Tool Group during the fourth quarter worth about $248,000. Finally, MainStreet Investment Advisors LLC purchased a new position in Enerpac Tool Group during the fourth quarter worth about $255,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

About Enerpac Tool Group

(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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