Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Position in Ennis, Inc. $EBF

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Ennis, Inc. (NYSE:EBF) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,139 shares of the industrial products company’s stock after buying an additional 2,344 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned approximately 0.23% of Ennis worth $1,091,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. purchased a new stake in Ennis during the 2nd quarter valued at approximately $37,000. Zions Bancorporation National Association UT acquired a new position in shares of Ennis in the first quarter valued at approximately $48,000. PNC Financial Services Group Inc. raised its stake in shares of Ennis by 55.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 1,100 shares during the last quarter. CWM LLC lifted its holdings in shares of Ennis by 20.5% during the first quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 770 shares during the period. Finally, GAMMA Investing LLC grew its position in Ennis by 2,050.0% in the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company’s stock valued at $98,000 after buying an additional 4,674 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Ennis in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ennis currently has a consensus rating of “Hold”.

Ennis Price Performance

Shares of NYSE:EBF opened at $18.13 on Friday. The business’s 50 day simple moving average is $18.19 and its 200-day simple moving average is $18.56. The firm has a market capitalization of $467.63 million, a price-to-earnings ratio of 11.12 and a beta of 0.45. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $24.76.

Ennis (NYSE:EBF) last posted its earnings results on Monday, September 22nd. The industrial products company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.13. The company had revenue of $98.68 million for the quarter, compared to analyst estimates of $99.00 million. Ennis had a return on equity of 14.05% and a net margin of 10.86%.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, October 10th. Ennis’s dividend payout ratio is 61.35%.

Insider Activity at Ennis

In other Ennis news, Director Walter D. Gruenes acquired 5,500 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was acquired at an average cost of $17.99 per share, with a total value of $98,945.00. Following the purchase, the director directly owned 10,743 shares in the company, valued at approximately $193,266.57. This trade represents a 104.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is owned by corporate insiders.

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.