EMC Capital Management Has $75,000 Position in Ennis, Inc. $EBF

EMC Capital Management decreased its holdings in shares of Ennis, Inc. (NYSE:EBF) by 58.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,141 shares of the industrial products company’s stock after selling 5,707 shares during the period. EMC Capital Management’s holdings in Ennis were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EBF. Traub Capital Management LLC acquired a new stake in shares of Ennis in the 2nd quarter worth about $27,000. Kozak & Associates Inc. purchased a new position in shares of Ennis during the second quarter valued at approximately $37,000. Zions Bancorporation National Association UT purchased a new stake in Ennis in the 1st quarter valued at $48,000. PNC Financial Services Group Inc. lifted its stake in Ennis by 55.1% during 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 acquiring an additional 1,100 shares in the last quarter. Finally, CWM LLC lifted its stake in Ennis by 20.5% during the 1st quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 770 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EBF has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ennis in a report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ennis currently has a consensus rating of “Hold”.

Insider Buying and Selling

In other news, COO Boyne Wade Brewer purchased 2,000 shares of Ennis stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $17.05 per share, for a total transaction of $34,100.00. Following the transaction, the chief operating officer directly owned 23,684 shares of the company’s stock, valued at approximately $403,812.20. This trade represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Ennis Stock Performance

EBF stock opened at $16.62 on Thursday. The stock has a fifty day moving average of $17.43 and a 200-day moving average of $18.09. Ennis, Inc. has a fifty-two week low of $16.30 and a fifty-two week high of $22.00. The company has a market capitalization of $426.05 million, a price-to-earnings ratio of 10.20 and a beta of 0.41.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, September 22nd. The industrial products company reported $0.51 EPS for the quarter, beating 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 10th were paid a $0.25 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 6.0%. Ennis’s dividend payout ratio is currently 61.35%.

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.