Andina Capital Management LLC Acquires 3,386 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Andina Capital Management LLC raised its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 24.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,129 shares of the company’s stock after purchasing an additional 3,386 shares during the quarter. Andina Capital Management LLC’s holdings in Enerpac Tool Group were worth $718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Exchange Traded Concepts LLC acquired a new stake in shares of Enerpac Tool Group in the third quarter valued at $40,000. GAMMA Investing LLC increased its position in Enerpac Tool Group by 31.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after acquiring an additional 238 shares in the last quarter. USA Financial Formulas raised its stake in shares of Enerpac Tool Group by 15.5% in the third quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after acquiring an additional 254 shares during the last quarter. CWM LLC lifted its position in shares of Enerpac Tool Group by 89.3% during the second quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Mechanics Bank Trust Department acquired a new stake in shares of Enerpac Tool Group in the 3rd quarter valued at $210,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Activity

In other news, Director E James Ferland, Jr. sold 1,938 shares of the firm’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 transaction, the director now owns 86,047 shares in the company, valued at $3,800,695.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

Enerpac Tool Group Trading Down 0.8 %

Shares of Enerpac Tool Group stock traded down $0.36 on Tuesday, hitting $44.45. 147,932 shares of the company’s stock traded hands, compared to its average volume of 293,483. Enerpac Tool Group Corp. has a one year low of $27.06 and a one year high of $45.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.85 and a quick ratio of 2.20. The stock has a market capitalization of $2.41 billion, a PE ratio of 29.49 and a beta of 1.15. The firm’s 50-day moving average price is $41.79 and its two-hundred day moving average price is $39.48.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $158.71 million during the quarter, compared to the consensus estimate of $156.70 million. Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. During the same period in the previous year, the firm posted $0.42 EPS. On average, research analysts expect that Enerpac Tool Group Corp. will post 1.75 EPS for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, October 7th. This represents a dividend yield of 0.1%. Enerpac Tool Group’s dividend payout ratio is currently 2.63%.

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.