13,990 Shares in Ennis, Inc. (NYSE:EBF) Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,990 shares of the industrial products company's stock, valued at approximately $295,000. Exchange Traded Concepts LLC owned about 0.05% of Ennis at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EBF. Point72 Asset Management L.P. acquired a new stake in Ennis during the 2nd quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ennis during the second quarter valued at $54,000. FMR LLC lifted its position in Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 855 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Ennis by 8,888.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 4,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Ennis during the 3rd quarter worth about $103,000. 74.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ennis from a "buy" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

Ennis Price Performance

NYSE:EBF traded up $0.24 during trading hours on Tuesday, reaching $20.72. The company had a trading volume of 113,311 shares, compared to its average volume of 125,587. The firm has a market cap of $538.93 million, a PE ratio of 13.03 and a beta of 0.41. Ennis, Inc. has a 1-year low of $18.88 and a 1-year high of $25.75. The business's 50 day moving average price is $20.98 and its 200-day moving average price is $22.02.

Ennis (NYSE:EBF - Get Free Report) last posted its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Friday, January 10th. Ennis's dividend payout ratio (DPR) is presently 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.