Crestline Management LP Makes New Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Crestline Management LP acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,636 shares of the company's stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors have also modified their holdings of EPAC. Assetmark Inc. acquired a new stake in shares of Enerpac Tool Group in the fourth quarter worth $29,000. First Horizon Advisors Inc. acquired a new stake in Enerpac Tool Group during the fourth quarter worth $36,000. Venturi Wealth Management LLC acquired a new stake in Enerpac Tool Group during the fourth quarter worth $51,000. Heck Capital Advisors LLC acquired a new stake in Enerpac Tool Group during the fourth quarter worth $99,000. Finally, KBC Group NV boosted its stake in Enerpac Tool Group by 91.7% during the fourth quarter. KBC Group NV now owns 2,561 shares of the company's stock worth $105,000 after buying an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Analysts Set New Price Targets

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They set an "outperform" rating and a $53.00 price target on the stock.

Enerpac Tool Group Stock Performance

EPAC traded up $0.44 during trading on Friday, reaching $45.54. 77,631 shares of the company's stock were exchanged, compared to its average volume of 329,687. Enerpac Tool Group Corp. has a fifty-two week low of $35.18 and a fifty-two week high of $51.91. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $42.02 and a 200 day moving average price of $44.33. The company has a market capitalization of $2.46 billion, a P/E ratio of 27.76 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The company had revenue of $145.53 million during the quarter, compared to analysts' expectations of $139.80 million. As a group, analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

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.