Royce & Associates LP Has $23.42 Million Holdings in Ennis, Inc. $EBF

Royce & Associates LP boosted its holdings in shares of Ennis, Inc. (NYSE:EBF) by 4.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,300,634 shares of the industrial products company’s stock after buying an additional 51,634 shares during the quarter. Royce & Associates LP owned 0.05% of Ennis worth $23,424,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Ennis during the 3rd quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its position in Ennis by 1,037.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,390 shares during the period. WealthCollab LLC boosted its position in Ennis by 180.9% during the 4th quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,165 shares during the period. BNP Paribas Financial Markets boosted its position in Ennis by 56.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 890 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Ennis by 245.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,100 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 2,203 shares during the period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on EBF shares. Wall Street Zen lowered Ennis from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings upgraded Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ennis currently has a consensus rating of “Buy”.

Ennis Price Performance

Shares of Ennis stock opened at $20.42 on Wednesday. The firm has a market cap of $516.48 million, a price-to-earnings ratio of 12.30 and a beta of 0.29. Ennis, Inc. has a 52-week low of $16.30 and a 52-week high of $22.36. The stock has a 50-day simple moving average of $20.88 and a 200-day simple moving average of $19.62.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, April 20th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $96.36 million for the quarter, compared to analyst estimates of $95.10 million. Ennis had a net margin of 10.86% and a return on equity of 13.98%.

Ennis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, April 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, April 13th. Ennis’s payout ratio is currently 60.24%.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.