Ennis, Inc. $EBF Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its holdings in Ennis, Inc. (NYSE:EBF) by 212.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,282 shares of the industrial products company’s stock after buying an additional 30,768 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ennis were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EBF. MBM Wealth Consultants LLC purchased a new stake in Ennis during the 1st quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 1,390 shares during the last quarter. WealthCollab LLC boosted its holdings in shares of 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 purchasing an additional 1,165 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of 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 purchasing an additional 890 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Ennis in the fourth quarter valued at approximately $51,000. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Stock Performance

Shares of NYSE EBF traded down $0.35 during midday trading on Friday, reaching $20.86. 140,637 shares of the stock were exchanged, compared to its average volume of 177,799. The stock has a market capitalization of $527.68 million, a P/E ratio of 12.49 and a beta of 0.27. The company has a 50 day simple moving average of $20.68 and a 200 day simple moving average of $20.40. Ennis, Inc. has a twelve month low of $16.30 and a twelve month high of $22.36.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $98.61 million for the quarter, compared to analysts’ expectations of $98.20 million. Ennis had a return on equity of 13.89% and a net margin of 10.84%.During the same period in the prior year, the firm posted $0.38 earnings per share.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, July 10th. Ennis’s dividend payout ratio is 59.88%.

Analyst Ratings Changes

Several equities research analysts recently commented on EBF shares. Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Wall Street Zen cut Ennis from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

About Ennis

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.