Hennion & Walsh Asset Management Inc. Acquires 22,947 Shares of Ennis, Inc. $EBF

Hennion & Walsh Asset Management Inc. boosted its stake in Ennis, Inc. (NYSE:EBF) by 46.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,120 shares of the industrial products company’s stock after purchasing an additional 22,947 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.29% of Ennis worth $1,533,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MBM Wealth Consultants LLC acquired a new position in Ennis during the 1st quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in shares of Ennis by 1,037.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,390 shares during the last quarter. WealthCollab LLC raised its position in shares of Ennis by 180.9% during the fourth quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,165 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Ennis by 56.8% in the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 890 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Ennis in the fourth quarter worth approximately $51,000. 74.33% of the stock is owned by institutional investors.

Ennis Price Performance

Shares of NYSE:EBF opened at $21.87 on Thursday. Ennis, Inc. has a 1 year low of $16.30 and a 1 year high of $22.55. The business’s 50-day moving average is $21.30 and its 200-day moving average is $20.92. The company has a market capitalization of $553.31 million, a price-to-earnings ratio of 13.10 and a beta of 0.27.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, June 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $98.61 million for the quarter, compared to analyst estimates of $98.20 million. Ennis had a return on equity of 13.89% and a net margin of 10.84%.During the same period in the previous year, the firm earned $0.38 earnings per share.

Ennis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Friday, July 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, July 10th. Ennis’s payout ratio is presently 59.88%.

Analysts Set New Price Targets

EBF has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Ennis from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Ennis

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.