JPMorgan Chase & Co. Raises Stock Holdings in Ennis, Inc. (NYSE:EBF)

JPMorgan Chase & Co. grew its position in shares of Ennis, Inc. (NYSE:EBF) by 282.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 250,932 shares of the industrial products company’s stock after acquiring an additional 185,373 shares during the quarter. JPMorgan Chase & Co. owned about 0.96% of Ennis worth $6,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in 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 purchasing an additional 36,187 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 buying an additional 10,995 shares in the last quarter. Creative Planning lifted its holdings in shares of Ennis by 84.9% in the 3rd quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock valued at $1,389,000 after acquiring an additional 26,207 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Ennis in the second quarter worth about $543,000. Finally, AQR Capital Management LLC grew its position in Ennis by 74.5% in the second quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock worth $5,870,000 after acquiring an additional 114,516 shares in the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Ennis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 11th.

Ennis Stock Up 1.2 %

Shares of EBF opened at $20.77 on Thursday. The business has a fifty day moving average of $21.15 and a 200 day moving average of $22.16. The company has a market cap of $540.29 million, a PE ratio of 13.15 and a beta of 0.41. Ennis, Inc. has a 52-week low of $18.88 and a 52-week high of $25.75.

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 10.15% and a return on equity of 11.64%.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.81%. Ennis’s dividend payout ratio is 62.89%.

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.