Los Angeles Capital Management LLC Acquires 20,565 Shares of Ennis, Inc. $EBF

Los Angeles Capital Management LLC lifted its holdings in shares of Ennis, Inc. (NYSE:EBF) by 120.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 37,652 shares of the industrial products company’s stock after acquiring an additional 20,565 shares during the period. Los Angeles Capital Management LLC’s holdings in Ennis were worth $683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EBF. Federated Hermes Inc. boosted its stake in Ennis by 2.3% in the first quarter. Federated Hermes Inc. now owns 24,807 shares of the industrial products company’s stock valued at $498,000 after buying an additional 555 shares in the last quarter. CWM LLC lifted its holdings in shares of Ennis by 20.5% in the first quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 770 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Ennis by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the industrial products company’s stock worth $661,000 after acquiring an additional 801 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ennis by 55.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Denali Advisors LLC grew its holdings in shares of Ennis by 2.8% during the 2nd quarter. Denali Advisors LLC now owns 50,528 shares of the industrial products company’s stock valued at $917,000 after purchasing an additional 1,354 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors.

Insider Transactions at Ennis

In other news, COO Boyne Wade Brewer acquired 2,000 shares of Ennis stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $17.05 per share, with a total value of $34,100.00. Following the transaction, the chief operating officer owned 23,684 shares of the company’s stock, valued at approximately $403,812.20. This trade represents a 9.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on EBF. Weiss Ratings reissued a “hold (c-)” rating on shares of Ennis in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Ennis from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ennis currently has an average rating of “Hold”.

Ennis Trading Down 0.6%

EBF stock opened at $16.87 on Friday. Ennis, Inc. has a 1-year low of $16.30 and a 1-year high of $22.00. The stock has a 50-day moving average price of $17.53 and a 200-day moving average price of $18.12. The firm has a market cap of $432.38 million, a PE ratio of 10.35 and a beta of 0.41.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, September 22nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13. Ennis had a net margin of 10.86% and a return on equity of 13.99%. The company had revenue of $98.68 million for the quarter, compared to analysts’ expectations of $99.00 million.

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 10th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 5.9%. Ennis’s payout ratio is 61.35%.

Ennis Company Profile

Ennis, Inc 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, 360º 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, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.