Quantinno Capital Management LP Purchases 24,256 Shares of Ennis, Inc. $EBF

Quantinno Capital Management LP lifted its position in Ennis, Inc. (NYSE:EBF) by 46.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,753 shares of the industrial products company’s stock after buying an additional 24,256 shares during the period. Quantinno Capital Management LP owned approximately 0.30% of Ennis worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EBF. Goldman Sachs Group Inc. lifted its stake in Ennis by 72.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 632,839 shares of the industrial products company’s stock worth $11,397,000 after acquiring an additional 266,533 shares during the period. Royal Bank of Canada increased its position in Ennis by 608.4% during the 4th quarter. Royal Bank of Canada now owns 170,356 shares of the industrial products company’s stock valued at $3,068,000 after purchasing an additional 146,307 shares during the period. Almitas Capital LLC bought a new stake in shares of Ennis in the 4th quarter valued at about $2,503,000. Creative Planning lifted its position in shares of Ennis by 201.7% in the 3rd quarter. Creative Planning now owns 159,412 shares of the industrial products company’s stock worth $2,914,000 after purchasing an additional 106,575 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Ennis by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,220,960 shares of the industrial products company’s stock valued at $21,989,000 after purchasing an additional 82,521 shares in the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EBF shares. Weiss Ratings cut Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ennis presently has an average rating of “Hold”.

Ennis Stock Performance

Shares of EBF opened at $21.87 on Thursday. The stock has a 50-day moving average of $21.30 and a two-hundred day moving average of $20.92. The stock has a market cap of $553.31 million, a P/E ratio of 13.10 and a beta of 0.27. Ennis, Inc. has a one year low of $16.30 and a one year high of $22.55.

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

Ennis Dividend Announcement

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

Ennis Profile

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.