Driehaus Capital Management LLC Invests $7.59 Million in Enerpac Tool Group Corp. $EPAC

Key Points

• Driehaus Capital Management LLC has acquired a new position in Enerpac Tool Group Corp, purchasing 169,172 shares valued at approximately $7.59 million, representing 0.31% of the company.
• Analysts have amended their ratings for Enerpac Tool Group, with Wall Street Zen reducing the stock's rating from "strong-buy" to "buy", while the current consensus rating remains a "Buy" with a target price of $53.00.
• The company announced a quarterly dividend of $0.04 per share, set to be paid on October 17th, indicating a modest yield of 0.4%.

Driehaus Capital Management LLC acquired a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 169,172 shares of the company's stock, valued at approximately $7,589,000. Driehaus Capital Management LLC owned about 0.31% of Enerpac Tool Group at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Assetmark Inc. boosted its stake in shares of Enerpac Tool Group by 41.0% during the first quarter. Assetmark Inc. now owns 980 shares of the company's stock valued at $44,000 after acquiring an additional 285 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Enerpac Tool Group by 1,556.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company's stock worth $54,000 after purchasing an additional 1,136 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Enerpac Tool Group by 361.9% during the first quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock worth $75,000 after buying an additional 1,303 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Enerpac Tool Group in the fourth quarter valued at approximately $99,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Enerpac Tool Group during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Enerpac Tool Group currently has a consensus rating of "Buy" and a consensus price target of $53.00.

Enerpac Tool Group Trading Up 0.6%

Shares of NYSE EPAC traded up $0.25 during trading on Thursday, hitting $42.17. 88,114 shares of the company traded hands, compared to its average volume of 348,266. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.28 billion, a P/E ratio of 25.87 and a beta of 1.15. The company has a 50-day moving average price of $39.96 and a 200-day moving average price of $41.92. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $158.66 million for the quarter, compared to analysts' expectations of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%.During the same quarter last year, the firm earned $0.47 earnings per share. On average, equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Enerpac Tool Group's payout ratio is 2.45%.

Insider Transactions at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total value of $173,141.76. Following the transaction, the director directly owned 94,136 shares of the company's stock, valued at $3,858,634.64. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% 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.