Jump Financial LLC Makes New $1.87 Million Investment in Enerpac Tool Group Corp. $EPAC

Key Points

• Jump Financial LLC has invested $1.87 million in Enerpac Tool Group Corp. by acquiring 41,615 shares, representing approximately 0.08% of the company's stock.
• Several institutional investors have increased their stakes in Enerpac Tool Group, with Ameriprise Financial Inc. leading the way with an 81.5% increase, now holding a total of 971,462 shares valued at $43.58 million.
• The company reported earnings of $0.51 per share for the last quarter, exceeding analyst expectations, and announced a quarterly dividend of $0.04 scheduled for payment on October 17th.

Jump Financial LLC purchased a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,615 shares of the company's stock, valued at approximately $1,867,000. Jump Financial LLC owned about 0.08% of Enerpac Tool Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC acquired a new position in shares of Enerpac Tool Group during the fourth quarter valued at approximately $216,000. Raymond James Financial Inc. acquired a new position in Enerpac Tool Group in the 4th quarter valued at $1,185,000. Marshall Wace LLP acquired a new stake in Enerpac Tool Group during the 4th quarter worth $231,000. MetLife Investment Management LLC boosted its stake in Enerpac Tool Group by 6.7% during the 4th quarter. MetLife Investment Management LLC now owns 33,223 shares of the company's stock worth $1,365,000 after purchasing an additional 2,098 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its position in shares of Enerpac Tool Group by 3.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 27,636 shares of the company's stock valued at $1,136,000 after buying an additional 857 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director E James Ferland, Jr. sold 4,224 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $40.99, for a total value of $173,141.76. Following the sale, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Enerpac Tool Group Trading Down 1.3%

EPAC stock traded down $0.54 during midday trading on Monday, hitting $42.34. 257,569 shares of the company's stock were exchanged, compared to its average volume of 356,815. Enerpac Tool Group Corp. has a 1-year low of $36.51 and a 1-year high of $51.91. The business has a 50-day simple moving average of $40.03 and a two-hundred day simple moving average of $41.94. The stock has a market capitalization of $2.29 billion, a PE ratio of 25.97 and a beta of 1.15. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The company 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 period in the prior year, the firm earned $0.47 earnings per share. On average, sell-side analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Dividend Announcement

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

About Enerpac Tool Group

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.