AlphaQuest LLC Acquires 11,596 Shares of Ennis, Inc. $EBF

AlphaQuest LLC lifted its holdings in Ennis, Inc. (NYSE:EBF) by 110.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 22,142 shares of the industrial products company’s stock after acquiring an additional 11,596 shares during the quarter. AlphaQuest LLC owned 0.09% of Ennis worth $402,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EBF. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ennis by 268.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 995,093 shares of the industrial products company’s stock worth $19,991,000 after acquiring an additional 725,379 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Ennis by 504.8% in the second quarter. Allianz Asset Management GmbH now owns 198,211 shares of the industrial products company’s stock worth $3,596,000 after buying an additional 165,437 shares during the period. Nuveen LLC purchased a new position in shares of Ennis in the first quarter worth $2,743,000. American Century Companies Inc. increased its stake in shares of Ennis by 16.2% in the first quarter. American Century Companies Inc. now owns 717,048 shares of the industrial products company’s stock worth $14,405,000 after buying an additional 99,841 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Ennis by 34.0% in the first quarter. Goldman Sachs Group Inc. now owns 363,680 shares of the industrial products company’s stock worth $7,306,000 after buying an additional 92,266 shares during the period. 74.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EBF has been the topic of several analyst reports. Wall Street Zen raised shares of Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ennis in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Ennis Trading Down 1.1%

Shares of Ennis stock opened at $16.51 on Thursday. The company’s fifty day simple moving average is $17.88 and its two-hundred day simple moving average is $18.24. The company has a market cap of $423.23 million, a P/E ratio of 10.13 and a beta of 0.45. Ennis, Inc. has a 12-month low of $16.41 and a 12-month high of $22.29.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, September 22nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. The business had revenue of $98.68 million for the quarter, compared to the consensus estimate of $99.00 million. Ennis had a net margin of 10.86% and a return on equity of 13.99%.

Ennis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.1%. Ennis’s dividend payout ratio is currently 61.35%.

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.