Hennion & Walsh Asset Management Inc. Boosts Holdings in Ennis, Inc. (NYSE:EBF)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Ennis, Inc. (NYSE:EBF) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,646 shares of the industrial products company’s stock after buying an additional 6,139 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.24% of Ennis worth $1,264,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Ennis by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,830,941 shares of the industrial products company’s stock valued at $38,853,000 after acquiring an additional 13,258 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Ennis by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,604,039 shares of the industrial products company’s stock worth $35,144,000 after buying an additional 6,865 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ennis by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 813,778 shares of the industrial products company’s stock worth $17,830,000 after buying an additional 53,211 shares during the period. GSA Capital Partners LLP raised its holdings in Ennis by 74.5% in the third quarter. GSA Capital Partners LLP now owns 74,268 shares of the industrial products company’s stock valued at $1,576,000 after acquiring an additional 31,702 shares in the last quarter. Finally, Millington Financial Advisors LLC lifted its stake in Ennis by 7.1% in the fourth quarter. Millington Financial Advisors LLC now owns 49,397 shares of the industrial products company’s stock worth $1,082,000 after acquiring an additional 3,272 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Price Performance

Ennis stock opened at $21.89 on Monday. The stock has a market cap of $568.70 million, a PE ratio of 13.68 and a beta of 0.43. The stock’s fifty day moving average is $20.81 and its two-hundred day moving average is $20.64. Ennis, Inc. has a 1-year low of $18.88 and a 1-year high of $23.17.

Ennis (NYSE:EBF) last issued its earnings results on Monday, June 17th. The industrial products company reported $0.41 earnings per share for the quarter. The business had revenue of $103.11 million for the quarter. Ennis had a return on equity of 11.94% and a net margin of 10.11%.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.57%. Ennis’s dividend payout ratio is presently 62.50%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Ennis from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Ennis Company Profile

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.