SG Americas Securities LLC Has $339,000 Stake in Ennis, Inc. $EBF

SG Americas Securities LLC trimmed its holdings in Ennis, Inc. (NYSE:EBF) by 64.1% in the fourth quarter, Holdings Channel reports. The fund owned 18,829 shares of the industrial products company’s stock after selling 33,586 shares during the period. SG Americas Securities LLC’s holdings in Ennis were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Ennis in the third quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Ennis by 1,037.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,390 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Ennis by 56.8% during the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after buying an additional 890 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Ennis by 245.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,100 shares of the industrial products company’s stock worth $56,000 after buying an additional 2,203 shares during the period. Finally, CWM LLC boosted its position in shares of Ennis by 180.7% during the third quarter. CWM LLC now owns 4,803 shares of the industrial products company’s stock worth $88,000 after buying an additional 3,092 shares during the period. 74.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on EBF. Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Ennis Price Performance

EBF stock opened at $21.78 on Wednesday. The stock has a market capitalization of $550.82 million, a P/E ratio of 13.12 and a beta of 0.31. The business has a 50-day moving average of $21.12 and a 200-day moving average of $19.00. Ennis, Inc. has a fifty-two week low of $16.30 and a fifty-two week high of $22.36.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Monday, April 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, April 13th. Ennis’s dividend payout ratio is presently 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.