Andina Capital Management LLC Has $718,000 Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Andina Capital Management LLC grew its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 24.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,129 shares of the company’s stock after purchasing an additional 3,386 shares during the period. Andina Capital Management LLC’s holdings in Enerpac Tool Group were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in Enerpac Tool Group in the 3rd quarter valued at $40,000. GAMMA Investing LLC increased its position in Enerpac Tool Group by 31.2% during the third quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock worth $42,000 after acquiring an additional 238 shares during the period. USA Financial Formulas raised its stake in Enerpac Tool Group by 15.5% in the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after purchasing an additional 254 shares in the last quarter. CWM LLC grew its position in shares of Enerpac Tool Group by 89.3% during the 2nd 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 bought a new position in shares of Enerpac Tool Group during the third quarter worth approximately $210,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC traded down $0.36 during midday trading on Tuesday, reaching $44.45. The company’s stock had a trading volume of 147,932 shares, compared to its average volume of 293,483. The company has a market cap of $2.41 billion, a P/E ratio of 29.49 and a beta of 1.15. Enerpac Tool Group Corp. has a fifty-two week low of $27.06 and a fifty-two week high of $45.17. 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 business’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 released its 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). Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. The company had revenue of $158.71 million for the quarter, compared to the consensus estimate of $156.70 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, analysts forecast that Enerpac Tool Group Corp. will post 1.75 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

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

Insider Buying and Selling at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total transaction of $85,601.46. Following the sale, the director now owns 86,047 shares in the company, valued at approximately $3,800,695.99. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.

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.