Evolve Private Wealth LLC Makes New Investment in Ennis, Inc. $EBF

Evolve Private Wealth LLC bought a new stake in Ennis, Inc. (NYSE:EBF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,010 shares of the industrial products company’s stock, valued at approximately $638,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBF. Royce & Associates LP raised its holdings in shares of Ennis by 4.1% in the fourth quarter. Royce & Associates LP now owns 1,300,634 shares of the industrial products company’s stock valued at $23,424,000 after buying an additional 51,634 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Ennis by 46.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 72,120 shares of the industrial products company’s stock worth $1,533,000 after buying an additional 22,947 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Ennis by 39.2% during the first quarter. Sei Investments Co. now owns 97,482 shares of the industrial products company’s stock worth $2,088,000 after buying an additional 27,458 shares during the last quarter. Fifth Third Bancorp increased its position in Ennis by 221,938.5% in the 1st quarter. Fifth Third Bancorp now owns 28,865 shares of the industrial products company’s stock valued at $618,000 after acquiring an additional 28,852 shares during the period. Finally, Quantinno Capital Management LP increased its position in Ennis by 46.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,753 shares of the industrial products company’s stock valued at $1,644,000 after acquiring an additional 24,256 shares during the period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Stock Down 0.3%

Shares of NYSE:EBF opened at $21.50 on Tuesday. The company has a market cap of $544.05 million, a price-to-earnings ratio of 12.88 and a beta of 0.27. The firm’s 50-day simple moving average is $21.53 and its 200-day simple moving average is $21.07. Ennis, Inc. has a fifty-two week low of $16.30 and a fifty-two week high of $22.94.

Ennis (NYSE:EBF) last posted 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 firm had revenue of $98.61 million during the quarter, compared to analysts’ expectations of $98.20 million. Ennis had a net margin of 10.84% and a return on equity of 13.89%. During the same period in the prior year, the company posted $0.38 earnings per share.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, July 10th. Ennis’s dividend payout ratio is 59.88%.

Wall Street Analyst Weigh In

EBF has been the subject of a number of recent research reports. Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

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.