Assenagon Asset Management S.A. Purchases Shares of 36,761 Ennis, Inc. $EBF

Assenagon Asset Management S.A. purchased a new stake in shares of Ennis, Inc. (NYSE:EBF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 36,761 shares of the industrial products company’s stock, valued at approximately $672,000. Assenagon Asset Management S.A. owned 0.14% of Ennis at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jump Financial LLC bought a new stake in Ennis during the first quarter worth about $497,000. American Century Companies Inc. lifted its holdings in shares of Ennis by 11.5% during the second quarter. American Century Companies Inc. now owns 799,448 shares of the industrial products company’s stock valued at $14,502,000 after purchasing an additional 82,400 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Ennis by 504.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 198,211 shares of the industrial products company’s stock worth $3,596,000 after purchasing an additional 165,437 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ennis by 136.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,138 shares of the industrial products company’s stock worth $910,000 after buying an additional 28,947 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Ennis during the 2nd quarter valued at approximately $1,218,000. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EBF shares. Wall Street Zen raised shares of Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ennis in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ennis presently has an average rating of “Hold”.

Ennis Stock Up 0.5%

Ennis stock opened at $18.18 on Friday. Ennis, Inc. has a 52-week low of $16.30 and a 52-week high of $22.00. The firm’s fifty day moving average is $17.33 and its 200 day moving average is $17.90. The company has a market cap of $465.83 million, a price-to-earnings ratio of 10.95 and a beta of 0.38.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, December 22nd. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Ennis had a return on equity of 14.13% and a net margin of 11.01%.The company had revenue of $100.17 million during the quarter, compared to the consensus estimate of $100.50 million. During the same period last year, the company earned $0.39 earnings per share.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Thursday, January 8th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 5.5%. Ennis’s dividend payout ratio is currently 60.24%.

Insider Transactions at Ennis

In related news, COO Boyne Wade Brewer acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $17.05 per share, for a total transaction of $34,100.00. Following the purchase, the chief operating officer directly owned 23,684 shares of the company’s stock, valued at $403,812.20. This trade represents a 9.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

Ennis 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.