Mesirow Institutional Investment Management Inc. Sells 130,389 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Mesirow Institutional Investment Management Inc. cut its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 30.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,676 shares of the company’s stock after selling 130,389 shares during the quarter. Mesirow Institutional Investment Management Inc. owned approximately 0.56% of Enerpac Tool Group worth $11,556,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EPAC. Capital International Investors increased its stake in Enerpac Tool Group by 2.8% in the 4th quarter. Capital International Investors now owns 4,347,380 shares of the company’s stock worth $135,160,000 after acquiring an additional 118,691 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in 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 valued at $113,812,000 after buying an additional 186,335 shares during the period. Kennedy Capital Management LLC boosted its stake in Enerpac Tool Group by 22.6% during the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock worth $21,194,000 after buying an additional 109,463 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Enerpac Tool Group by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 587,691 shares of the company’s stock valued at $18,271,000 after acquiring an additional 9,109 shares during the period. Finally, Norges Bank purchased a new position in shares of Enerpac Tool Group during the 4th quarter worth about $15,077,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director E James Ferland, Jr. sold 1,937 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $37.92, for a total value of $73,451.04. Following the completion of the transaction, the director now owns 86,047 shares of the company’s stock, valued at $3,262,902.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is owned by insiders.

Enerpac Tool Group Trading Down 3.3 %

EPAC opened at $39.87 on Wednesday. Enerpac Tool Group Corp. has a one year low of $24.58 and a one year high of $42.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.20 and a current ratio of 2.85. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 26.23 and a beta of 1.15. The stock’s 50 day moving average price is $39.63 and its 200-day moving average price is $37.31.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Monday, June 24th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $150.39 million during the quarter, compared to analyst estimates of $153.20 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 earned $0.39 earnings per share. On average, equities analysts forecast that Enerpac Tool Group Corp. will post 1.75 EPS for the current year.

Enerpac Tool Group Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, October 7th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a yield of 0.1%. Enerpac Tool Group’s dividend payout ratio (DPR) is currently 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.