Denali Advisors LLC Purchases 1,354 Shares of Ennis, Inc. $EBF

Denali Advisors LLC grew its position in shares of Ennis, Inc. (NYSE:EBF) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,528 shares of the industrial products company’s stock after purchasing an additional 1,354 shares during the quarter. Denali Advisors LLC’s holdings in Ennis were worth $917,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EBF. GAMMA Investing LLC increased its position in shares of Ennis by 2,050.0% during the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 4,674 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Ennis by 968.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 279,764 shares of the industrial products company’s stock worth $5,620,000 after acquiring an additional 253,569 shares during the last quarter. Diversified Trust Co grew its position in Ennis by 77.6% during the 1st quarter. Diversified Trust Co now owns 17,276 shares of the industrial products company’s stock worth $347,000 after acquiring an additional 7,548 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Ennis during the 1st quarter worth approximately $427,000. Finally, Allspring Global Investments Holdings LLC grew its position in Ennis by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,649,924 shares of the industrial products company’s stock worth $33,196,000 after acquiring an additional 32,343 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ennis news, Director Walter D. Gruenes acquired 5,500 shares of the company’s stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $17.99 per share, for a total transaction of $98,945.00. Following the acquisition, the director owned 10,743 shares in the company, valued at $193,266.57. This represents a 104.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Ennis Stock Performance

NYSE EBF opened at $17.05 on Thursday. Ennis, Inc. has a fifty-two week low of $16.83 and a fifty-two week high of $22.29. The stock has a 50 day simple moving average of $18.02 and a two-hundred day simple moving average of $18.33. The stock has a market cap of $436.89 million, a P/E ratio of 10.46 and a beta of 0.45.

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

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 5.9%. Ennis’s dividend payout ratio (DPR) is 61.35%.

Analyst Ratings Changes

Several research firms recently issued reports on EBF. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “hold (c)” rating on shares of Ennis in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Ennis 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.