Inspire Advisors LLC Increases Position in Ennis, Inc. (NYSE:EBF)

Inspire Advisors LLC boosted its position in shares of Ennis, Inc. (NYSE:EBF) by 47.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 13,860 shares of the industrial products company’s stock after acquiring an additional 4,432 shares during the quarter. Inspire Advisors LLC owned about 0.05% of Ennis worth $337,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in Ennis in the second quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ennis in the second quarter worth $54,000. Mather Group LLC. acquired a new stake in shares of Ennis in the second quarter worth $72,000. CWM LLC raised its holdings in shares of Ennis by 97.0% during the second quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 1,895 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Ennis during the third quarter valued at $103,000. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Stock Down 1.8 %

Ennis stock opened at $20.85 on Friday. The business’s 50-day moving average price is $23.24 and its 200 day moving average price is $21.95. The firm has a market cap of $541.77 million, a price-to-earnings ratio of 13.03 and a beta of 0.40. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%. The business had revenue of $99.04 million for the quarter.

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. Ennis’s payout ratio is 62.50%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 25th.

Ennis 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.