Ennis, Inc. (NYSE:EBF) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P raised its holdings in shares of Ennis, Inc. (NYSE:EBF) by 43.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,363 shares of the industrial products company’s stock after buying an additional 17,137 shares during the period. Martingale Asset Management L P owned about 0.22% of Ennis worth $1,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in Ennis during the second quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ennis during the second quarter worth $54,000. Mather Group LLC. acquired a new position in shares of Ennis during the second quarter worth $72,000. FMR LLC lifted its position in shares of Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 855 shares in the last quarter. Finally, CWM LLC lifted its position 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 in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ennis from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 29th.

Ennis Trading Up 0.4 %

NYSE EBF opened at $21.33 on Monday. The company’s fifty day simple moving average is $21.91 and its 200-day simple moving average is $22.20. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75. The stock has a market cap of $554.58 million, a P/E ratio of 13.50 and a beta of 0.41.

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

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 11th were issued a $0.25 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.00 annualized dividend and a yield of 4.69%. Ennis’s dividend payout ratio is presently 63.29%.

About Ennis

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.