Sei Investments Co. Grows Position in Ennis, Inc. $EBF

Sei Investments Co. boosted its position in Ennis, Inc. (NYSE:EBF) by 39.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,482 shares of the industrial products company’s stock after acquiring an additional 27,458 shares during the quarter. Sei Investments Co.’s holdings in Ennis were worth $2,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in shares of Ennis by 4.1% in the 4th quarter. Royce & Associates LP now owns 1,300,634 shares of the industrial products company’s stock valued at $23,424,000 after purchasing an additional 51,634 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Ennis by 221,938.5% during the 1st quarter. Fifth Third Bancorp now owns 28,865 shares of the industrial products company’s stock worth $618,000 after purchasing an additional 28,852 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Ennis by 212.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 45,282 shares of the industrial products company’s stock worth $970,000 after purchasing an additional 30,768 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ennis by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 337,200 shares of the industrial products company’s stock worth $7,223,000 after purchasing an additional 7,079 shares in the last quarter. Finally, State of Wyoming purchased a new position in Ennis in the first quarter valued at $71,000. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings cut Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Ennis Trading Down 0.0%

Shares of NYSE:EBF opened at $22.29 on Monday. The firm has a 50 day simple moving average of $21.21 and a 200-day simple moving average of $20.87. Ennis, Inc. has a twelve month low of $16.30 and a twelve month high of $22.55. The company has a market capitalization of $563.94 million, a PE ratio of 13.35 and a beta of 0.27.

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

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. Ennis’s dividend payout ratio (DPR) is presently 59.88%.

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.