Bryce Point Capital LLC Makes New $546,000 Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Bryce Point Capital LLC purchased a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,276 shares of the company’s stock, valued at approximately $546,000.

Other hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in Enerpac Tool Group by 1,061.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company’s stock worth $20,351,000 after buying an additional 452,641 shares during the period. State Street Corp lifted its holdings in shares of Enerpac Tool Group by 16.3% during the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company’s stock worth $100,263,000 after acquiring an additional 336,323 shares during the period. Norges Bank acquired a new stake in shares of Enerpac Tool Group in the fourth quarter worth approximately $6,533,000. JPMorgan Chase & Co. grew its holdings in Enerpac Tool Group by 77.5% in the fourth quarter. JPMorgan Chase & Co. now owns 214,276 shares of the company’s stock valued at $8,805,000 after purchasing an additional 93,528 shares during the period. Finally, Barclays PLC increased its position in Enerpac Tool Group by 321.7% during the third quarter. Barclays PLC now owns 107,979 shares of the company’s stock worth $4,524,000 after purchasing an additional 82,376 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of NYSE:EPAC opened at $46.04 on Thursday. The business has a 50-day moving average of $45.02 and a two-hundred day moving average of $44.81. The firm has a market capitalization of $2.49 billion, a PE ratio of 28.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. Enerpac Tool Group Corp. has a 12 month low of $34.59 and a 12 month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Separately, CJS Securities assumed coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They issued an “outperform” rating and a $53.00 price target on the stock.

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.