Alps Advisors Inc. Boosts Stake in Ennis, Inc. $EBF

Alps Advisors Inc. raised its position in Ennis, Inc. (NYSE:EBF) by 28.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,004 shares of the industrial products company’s stock after purchasing an additional 44,447 shares during the quarter. Alps Advisors Inc.’s holdings in Ennis were worth $3,693,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EBF. State of Alaska Department of Revenue purchased a new position in Ennis in the third quarter valued at approximately $25,000. Traub Capital Management LLC acquired a new stake in shares of Ennis in the second quarter worth $27,000. EverSource Wealth Advisors LLC raised 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 acquiring an additional 1,390 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Ennis by 56.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 890 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Ennis by 245.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,100 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 2,203 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EBF. Weiss Ratings restated a “hold (c)” rating on shares of Ennis in a research note on Monday, December 29th. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Ennis Stock Performance

NYSE:EBF opened at $20.39 on Tuesday. Ennis, Inc. has a one year low of $16.30 and a one year high of $22.00. The business’s 50-day simple moving average is $18.66 and its 200 day simple moving average is $18.03. The stock has a market cap of $515.66 million, a price-to-earnings ratio of 12.28 and a beta of 0.37.

Ennis (NYSE:EBF) last released its earnings results on Monday, December 22nd. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. Ennis had a return on equity of 14.11% and a net margin of 11.01%.The company had revenue of $100.17 million during the quarter, compared to analysts’ expectations of $100.50 million. 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 was paid on Thursday, February 5th. Stockholders of record on Thursday, January 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.9%. Ennis’s payout ratio is presently 60.24%.

Ennis Company 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.