Los Angeles Capital Management LLC Sells 12,199 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Los Angeles Capital Management LLC trimmed its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 47.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,617 shares of the company’s stock after selling 12,199 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Enerpac Tool Group were worth $520,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EPAC. GAMMA Investing LLC grew its stake 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 in the last quarter. CWM LLC grew its position in shares of Enerpac Tool Group by 89.3% in the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock valued at $87,000 after acquiring an additional 1,073 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Enerpac Tool Group during the 2nd quarter worth about $204,000. Foundry Partners LLC acquired a new position in shares of Enerpac Tool Group during the 1st quarter worth about $226,000. Finally, Premier Fund Managers Ltd bought a new stake in shares of Enerpac Tool Group in the 4th quarter valued at about $248,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,937 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $37.92, for a total value of $73,451.04. Following the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at approximately $3,262,902.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by insiders.

Enerpac Tool Group Trading Up 2.5 %

Enerpac Tool Group stock opened at $41.21 on Friday. The stock has a 50-day simple moving average of $39.90 and a 200 day simple moving average of $37.60. The stock has a market capitalization of $2.24 billion, a P/E ratio of 27.11 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.20 and a current ratio of 2.85. Enerpac Tool Group Corp. has a 52 week low of $25.65 and a 52 week high of $42.13.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Monday, June 24th. The company reported $0.47 earnings per share for the quarter, hitting 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 business had revenue of $150.39 million for the quarter, compared to analyst estimates of $153.20 million. During the same period in the previous year, the firm earned $0.39 EPS. Analysts expect that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current year.

Enerpac Tool Group Announces Dividend

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

Enerpac Tool Group 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.