Enerpac Tool Group Corp. $EPAC Stock Purchased by Penn Capital Management Company LLC

Penn Capital Management Company LLC boosted its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 154.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,726 shares of the company’s stock after purchasing an additional 43,572 shares during the period. Penn Capital Management Company LLC owned about 0.14% of Enerpac Tool Group worth $2,503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cooke & Bieler LP raised its stake in Enerpac Tool Group by 1.6% during the 3rd quarter. Cooke & Bieler LP now owns 1,305,296 shares of the company’s stock valued at $45,542,000 after buying an additional 20,752 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Enerpac Tool Group by 2.5% in the 1st quarter. Jennison Associates LLC now owns 679,974 shares of the company’s stock worth $24,799,000 after buying an additional 16,905 shares during the last quarter. Southernsun Asset Management LLC grew its holdings in shares of Enerpac Tool Group by 10.7% in the first quarter. Southernsun Asset Management LLC now owns 664,874 shares of the company’s stock worth $24,248,000 after acquiring an additional 64,192 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Enerpac Tool Group by 1.9% in the first quarter. Principal Financial Group Inc. now owns 258,133 shares of the company’s stock worth $9,414,000 after acquiring an additional 4,761 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Enerpac Tool Group by 21.2% during the first quarter. Gamco Investors INC. ET AL now owns 188,150 shares of the company’s stock valued at $6,862,000 after acquiring an additional 32,850 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Activity at Enerpac Tool Group

In other news, EVP Benjamin James Topercer sold 4,800 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $41.30, for a total transaction of $198,240.00. Following the sale, the executive vice president directly owned 58,507 shares in the company, valued at $2,416,339.10. This trade represents a 7.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.50% of the stock is owned by company insiders.

Enerpac Tool Group Trading Up 4.6%

Shares of EPAC stock opened at $40.61 on Tuesday. Enerpac Tool Group Corp. has a 1 year low of $32.35 and a 1 year high of $43.97. The firm has a fifty day moving average price of $36.44 and a 200-day moving average price of $36.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 2.26. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 23.61 and a beta of 0.81.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Wednesday, October 28th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $185.73 million for the quarter, compared to the consensus estimate of $172.68 million. Enerpac Tool Group had a return on equity of 22.74% and a net margin of 13.74%. Enerpac Tool Group’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. As a group, equities analysts predict that Enerpac Tool Group Corp. will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EPAC has been the topic of a number of recent research reports. Weiss Ratings raised Enerpac Tool Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Zacks Research raised Enerpac Tool Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Enerpac Tool Group has a consensus rating of “Hold” and an average target price of $50.00.

Enerpac Tool Group Profile

Enerpac Tool Group (NYSE: EPAC) is an industrial products and services company specializing in high-pressure hydraulic tools and controlled-force solutions. Its products include hydraulic pumps and cylinders, torque and tensioning tools, and systems for lifting, positioning and moving heavy loads.

The company also provides services such as on-site machining, bolting and joint-integrity work for complex industrial projects. Its offerings support customers in industries including infrastructure, construction, manufacturing, energy and mining.

Enerpac serves customers around the world through its global operations and distribution network.