Ennis (NYSE:EBF) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Ennis (NYSE:EBF) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday.

Ennis Trading Up 0.2 %

NYSE:EBF opened at $19.70 on Thursday. The firm has a market capitalization of $509.84 million, a price-to-earnings ratio of 12.01 and a beta of 0.44. Ennis has a 1-year low of $18.88 and a 1-year high of $23.17. The business’s fifty day moving average price is $19.96 and its 200 day moving average price is $20.80.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.39 earnings per share for the quarter. The firm had revenue of $97.43 million for the quarter. Ennis had a return on equity of 12.43% and a net margin of 10.14%.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.08%. The ex-dividend date is Friday, April 12th. Ennis’s payout ratio is 60.98%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EBF. Assenagon Asset Management S.A. acquired a new position in Ennis during the first quarter valued at $4,414,000. Charles Schwab Investment Management Inc. grew its stake in Ennis by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,567 shares of the industrial products company’s stock valued at $16,139,000 after purchasing an additional 70,755 shares in the last quarter. GSA Capital Partners LLP grew its stake 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 purchasing an additional 31,702 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Ennis by 4.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,790 shares of the industrial products company’s stock valued at $14,086,000 after purchasing an additional 28,263 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Ennis by 75.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,287 shares of the industrial products company’s stock valued at $1,216,000 after purchasing an additional 24,602 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

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.