Royce & Associates LP Has $22.83 Million Position in Ennis, Inc. $EBF

Royce & Associates LP lessened its position in Ennis, Inc. (NYSE:EBF) by 16.1% during the 3rd quarter, Holdings Channel reports. The firm owned 1,249,000 shares of the industrial products company’s stock after selling 239,300 shares during the quarter. Royce & Associates LP’s holdings in Ennis were worth $22,832,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in Ennis during the 3rd quarter valued at about $672,000. SG Americas Securities LLC acquired a new stake in shares of Ennis during the third quarter worth approximately $958,000. American Century Companies Inc. raised its stake in shares of Ennis by 11.5% in the second quarter. American Century Companies Inc. now owns 799,448 shares of the industrial products company’s stock valued at $14,502,000 after acquiring an additional 82,400 shares during the last quarter. Creative Planning boosted its holdings in shares of Ennis by 28.9% in the 2nd quarter. Creative Planning now owns 52,837 shares of the industrial products company’s stock worth $958,000 after acquiring an additional 11,836 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in Ennis by 74.6% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 93,071 shares of the industrial products company’s stock worth $1,688,000 after acquiring an additional 39,762 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

Ennis Stock Up 0.5%

Shares of EBF stock opened at $21.15 on Monday. The firm has a market cap of $534.76 million, a price-to-earnings ratio of 12.74 and a beta of 0.35. Ennis, Inc. has a 12 month low of $16.30 and a 12 month high of $22.00. The stock has a 50-day moving average price of $19.44 and a 200 day moving average price of $18.30.

Ennis (NYSE:EBF) last issued its earnings results on Monday, December 22nd. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Ennis had a net margin of 11.01% and a return on equity of 14.11%. The company had revenue of $100.17 million for the quarter, compared to analyst estimates of $100.50 million. During the same quarter last year, the firm earned $0.39 EPS.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Thursday, January 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 4.7%. Ennis’s dividend payout ratio (DPR) is presently 60.24%.

Wall Street Analyst Weigh In

EBF has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ennis in a research report on Monday, December 29th. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Ennis 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.