Nisa Investment Advisors LLC raised its holdings in Ennis, Inc. (NYSE:EBF) by 721.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,570 shares of the industrial products company’s stock after buying an additional 5,770 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ennis were worth $134,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of EBF. Raymond James & Associates bought a new stake in shares of Ennis in the 2nd quarter worth approximately $210,000. GSA Capital Partners LLP bought a new stake in shares of Ennis in the 2nd quarter worth approximately $213,000. Engineers Gate Manager LP bought a new stake in shares of Ennis in the 2nd quarter worth approximately $219,000. Trexquant Investment LP bought a new stake in shares of Ennis in the 2nd quarter worth approximately $333,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Ennis by 46.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 20,808 shares of the industrial products company’s stock valued at $423,000 after purchasing an additional 6,561 shares in the last quarter. Hedge funds and other institutional investors own 80.07% of the company’s stock.
NYSE EBF opened at $19.93 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.90 and a current ratio of 4.99. Ennis, Inc. has a twelve month low of $17.65 and a twelve month high of $22.98. The company has a market cap of $509.58 million, a P/E ratio of 14.03 and a beta of 0.69.
Ennis (NYSE:EBF) last released its quarterly earnings results on Tuesday, September 25th. The industrial products company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Ennis had a return on equity of 13.13% and a net margin of 9.50%. The company had revenue of $98.59 million for the quarter. Research analysts predict that Ennis, Inc. will post 1.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Friday, October 12th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $0.90 annualized dividend and a dividend yield of 4.52%. Ennis’s dividend payout ratio is presently 69.77%.
Several research firms recently weighed in on EBF. Zacks Investment Research upgraded Ennis from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Friday, October 5th. Oppenheimer upgraded Ennis from a “market perform” rating to a “$21.80” rating in a research report on Wednesday, July 18th.
Ennis, Inc designs, manufactures, and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360 Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.
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