36,761 Shares in Ennis, Inc. $EBF Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Ennis, Inc. (NYSE:EBF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,761 shares of the industrial products company’s stock, valued at approximately $672,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EBF. Traub Capital Management LLC acquired a new stake in shares of Ennis during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of Ennis by 1,037.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,390 shares during the period. Kozak & Associates Inc. purchased a new stake in Ennis during the second quarter worth $37,000. BNP Paribas Financial Markets boosted its holdings in Ennis by 56.8% during the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after buying an additional 890 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Ennis by 245.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,100 shares of the industrial products company’s stock valued at $56,000 after buying an additional 2,203 shares during the period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ennis in a research report on Monday. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Ennis Trading Up 0.5%

Shares of EBF opened at $18.18 on Friday. The firm has a 50-day moving average price of $17.33 and a 200 day moving average price of $17.90. Ennis, Inc. has a 12-month low of $16.30 and a 12-month high of $22.00. The firm has a market capitalization of $465.83 million, a P/E ratio of 10.95 and a beta of 0.38.

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

Ennis Announces Dividend

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, January 8th. Ennis’s dividend payout ratio (DPR) is 60.24%.

Insider Buying and Selling at Ennis

In related news, COO Boyne Wade Brewer purchased 2,000 shares of Ennis stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $17.05 per share, with a total value of $34,100.00. Following the purchase, the chief operating officer owned 23,684 shares of the company’s stock, valued at approximately $403,812.20. The trade was a 9.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.