Short Interest in Enerpac Tool Group Corp. (NYSE:EPAC) Drops By 21.9%

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 789,200 shares, a decline of 21.9% from the October 15th total of 1,010,000 shares. Currently, 1.5% of the company's shares are short sold. Based on an average daily volume of 318,500 shares, the days-to-cover ratio is presently 2.5 days.

Insider Buying and Selling at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of the company's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the completion of the sale, the director now owns 86,047 shares in the company, valued at approximately $3,800,695.99. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund Corp boosted its position in shares of Enerpac Tool Group by 0.9% during the first quarter. Texas Permanent School Fund Corp now owns 47,373 shares of the company's stock worth $1,689,000 after buying an additional 429 shares during the period. Sei Investments Co. grew its stake in shares of Enerpac Tool Group by 55.9% during the 1st quarter. Sei Investments Co. now owns 75,643 shares of the company's stock worth $2,697,000 after acquiring an additional 27,123 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Enerpac Tool Group by 7.3% in the first quarter. ProShare Advisors LLC now owns 11,000 shares of the company's stock valued at $392,000 after purchasing an additional 751 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Enerpac Tool Group by 32.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,762 shares of the company's stock worth $776,000 after purchasing an additional 5,360 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in Enerpac Tool Group by 8.6% during the first quarter. Hillsdale Investment Management Inc. now owns 146,800 shares of the company's stock worth $5,235,000 after purchasing an additional 11,620 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Price Performance

Shares of EPAC opened at $47.70 on Friday. The stock has a market cap of $2.58 billion, a P/E ratio of 30.83 and a beta of 1.14. Enerpac Tool Group has a 1 year low of $27.06 and a 1 year high of $51.91. The stock's 50-day moving average price is $43.68 and its two-hundred day moving average price is $40.54. The company has a current ratio of 2.88, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $156.70 million. During the same period in the previous year, the business earned $0.42 EPS. On average, equities analysts predict that Enerpac Tool Group will post 1.78 earnings per share for the current year.

Enerpac Tool Group Company Profile

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.