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

Enerpac Tool Group Corp. (NYSE:EPAC) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 603,200 shares, a growth of 11.6% from the May 31st total of 540,500 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 303,900 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On Enerpac Tool Group

A number of hedge funds and other institutional investors have recently modified their holdings of EPAC. Capital International Investors increased its position in shares of Enerpac Tool Group by 2.8% during the 4th quarter. Capital International Investors now owns 4,347,380 shares of the company’s stock valued at $135,160,000 after purchasing an additional 118,691 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Enerpac Tool Group by 6.2% during the 1st quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company’s stock worth $113,812,000 after purchasing an additional 186,335 shares during the period. Jennison Associates LLC grew its holdings in Enerpac Tool Group by 3.1% during the 4th quarter. Jennison Associates LLC now owns 2,744,463 shares of the company’s stock valued at $85,325,000 after purchasing an additional 82,602 shares during the last quarter. Cooke & Bieler LP raised its position in Enerpac Tool Group by 4.6% in the 4th quarter. Cooke & Bieler LP now owns 1,477,913 shares of the company’s stock worth $45,948,000 after purchasing an additional 64,685 shares during the period. Finally, Kennedy Capital Management LLC boosted its position in shares of Enerpac Tool Group by 22.6% during the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock valued at $21,194,000 after buying an additional 109,463 shares during the period. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of NYSE:EPAC traded up $0.34 during midday trading on Wednesday, hitting $38.40. The company had a trading volume of 119,482 shares, compared to its average volume of 293,004. Enerpac Tool Group has a 12-month low of $24.58 and a 12-month high of $39.49. The company has a fifty day moving average of $37.80 and a two-hundred day moving average of $34.48. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 25.04 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.85 and a quick ratio of 2.20.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Monday, June 24th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Enerpac Tool Group had a return on equity of 26.80% and a net margin of 14.13%. The company had revenue of $150.39 million during the quarter, compared to the consensus estimate of $153.20 million. During the same period in the previous year, the company posted $0.39 EPS. On average, equities research analysts expect that Enerpac Tool Group will post 1.75 EPS for the current fiscal year.

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.