EMC Capital Management Acquires 7,685 Shares of Ennis, Inc. (NYSE:EBF)

EMC Capital Management boosted its holdings in shares of Ennis, Inc. (NYSE:EBF) by 355.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,848 shares of the industrial products company’s stock after acquiring an additional 7,685 shares during the period. EMC Capital Management’s holdings in Ennis were worth $208,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Ennis by 5.4% during the third quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company’s stock valued at $17,195,000 after acquiring an additional 36,187 shares in the last quarter. JPMorgan Chase & Co. grew its position in Ennis by 282.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock valued at $6,103,000 after purchasing an additional 185,373 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ennis by 61.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,751 shares of the industrial products company’s stock valued at $699,000 after purchasing an additional 10,995 shares in the last quarter. Creative Planning raised its holdings in Ennis by 84.9% in the third quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock worth $1,389,000 after buying an additional 26,207 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Ennis in the second quarter worth approximately $543,000. Institutional investors own 74.33% of the company’s stock.

Ennis Trading Up 0.1 %

Shares of NYSE EBF opened at $20.69 on Friday. Ennis, Inc. has a 12-month low of $18.88 and a 12-month high of $25.75. The firm has a market capitalization of $538.07 million, a price-to-earnings ratio of 13.01 and a beta of 0.41. The firm has a 50 day moving average of $21.00 and a 200 day moving average of $22.09.

Ennis (NYSE:EBF) last released its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Friday, January 10th. Ennis’s payout ratio is presently 62.89%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

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.