Hennion & Walsh Asset Management Inc. Buys 22,947 Shares of Ennis, Inc. $EBF

Hennion & Walsh Asset Management Inc. increased its position in Ennis, Inc. (NYSE:EBF) by 46.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,120 shares of the industrial products company’s stock after buying an additional 22,947 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Ennis were worth $1,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new position in Ennis during the 1st quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its stake in Ennis by 1,037.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,390 shares during the period. WealthCollab LLC increased its holdings in shares of Ennis by 180.9% during the fourth quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,165 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 valued at $45,000 after acquiring an additional 890 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Ennis during the fourth quarter valued at approximately $51,000. 74.33% of the stock is owned by institutional investors.

Ennis Stock Down 1.2%

EBF stock opened at $21.87 on Thursday. Ennis, Inc. has a twelve month low of $16.30 and a twelve month high of $22.55. The stock’s 50 day moving average is $21.30 and its 200-day moving average is $20.92. The firm has a market capitalization of $553.31 million, a PE ratio of 13.10 and a beta of 0.27.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, June 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $98.61 million during the quarter, compared to the consensus estimate of $98.20 million. Ennis had a return on equity of 13.89% and a net margin of 10.84%.During the same quarter in the prior year, the company posted $0.38 earnings per share.

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 10th were paid a $0.25 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. Ennis’s dividend payout ratio is presently 59.88%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EBF. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

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.