Y Intercept Hong Kong Ltd Increases Stock Position in Ennis, Inc. $EBF

Y Intercept Hong Kong Ltd boosted its position in shares of Ennis, Inc. (NYSE:EBF) by 212.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,282 shares of the industrial products company’s stock after buying an additional 30,768 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.18% of Ennis worth $970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new position in shares of Ennis in the first quarter worth about $27,000. EverSource Wealth Advisors LLC grew its position in shares of Ennis by 1,037.3% during 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. WealthCollab LLC grew its position in shares of Ennis by 180.9% during the 4th quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,165 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Ennis by 56.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 890 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Ennis in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Stock Performance

Shares of EBF traded down $0.35 during mid-day trading on Friday, hitting $20.86. 140,637 shares of the company were exchanged, compared to its average volume of 177,799. The stock has a market cap of $527.68 million, a price-to-earnings ratio of 12.49 and a beta of 0.27. Ennis, Inc. has a 1-year low of $16.30 and a 1-year high of $22.36. The company has a 50 day moving average of $20.68 and a 200-day moving average of $20.40.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The company had revenue of $98.61 million during the quarter, compared to analyst estimates of $98.20 million. During the same period in the previous year, the business earned $0.38 EPS.

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, July 10th. Ennis’s payout ratio is presently 59.88%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EBF shares. Weiss Ratings upgraded Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. Wall Street Zen cut Ennis from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About Ennis

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.