Denali Advisors LLC Invests $1 Million in Ennis, Inc. (NYSE:EBF)

Denali Advisors LLC acquired a new stake in Ennis, Inc. (NYSE:EBF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,450 shares of the industrial products company’s stock, valued at approximately $1,001,000.

Other hedge funds also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC raised its holdings in shares of Ennis by 10.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 663 shares in the last quarter. FMR LLC increased its holdings in Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after buying an additional 855 shares during the period. SG Americas Securities LLC raised its stake in Ennis by 46.0% in the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock worth $131,000 after buying an additional 1,951 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Ennis by 8,888.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock worth $85,000 after buying an additional 4,000 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Ennis by 14.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 37,033 shares of the industrial products company’s stock valued at $901,000 after acquiring an additional 4,619 shares in the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Stock Performance

Shares of Ennis stock opened at $21.22 on Thursday. The company has a market capitalization of $552.00 million, a PE ratio of 13.35 and a beta of 0.41. The company has a 50-day simple moving average of $20.79 and a two-hundred day simple moving average of $21.74. Ennis, Inc. has a one year low of $18.88 and a one year high of $25.75.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.71%. Ennis’s dividend payout ratio is presently 62.89%.

Analysts Set New Price Targets

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

Ennis Company 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.