JPMorgan Chase & Co. Boosts Stock Holdings in Ennis, Inc. (NYSE:EBF)

JPMorgan Chase & Co. raised its stake in Ennis, Inc. (NYSE:EBF - Free Report) by 282.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,932 shares of the industrial products company's stock after buying an additional 185,373 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.96% of Ennis worth $6,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Ennis by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company's stock worth $17,195,000 after buying an additional 36,187 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ennis by 61.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,751 shares of the industrial products company's stock worth $699,000 after acquiring an additional 10,995 shares during the last quarter. Creative Planning raised its position in Ennis by 84.9% in the third quarter. Creative Planning now owns 57,093 shares of the industrial products company's stock valued at $1,389,000 after purchasing an additional 26,207 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Ennis in the 2nd quarter valued at $543,000. Finally, AQR Capital Management LLC grew its holdings in shares of Ennis by 74.5% during the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company's stock worth $5,870,000 after purchasing an additional 114,516 shares during the period. 74.33% of the stock is owned by institutional investors and hedge funds.

Ennis Price Performance

Shares of EBF stock traded up $0.02 during trading hours on Thursday, hitting $20.75. The company had a trading volume of 125,447 shares, compared to its average volume of 122,355. The stock has a market capitalization of $539.58 million, a PE ratio of 13.05 and a beta of 0.41. The company's fifty day moving average is $21.15 and its 200 day moving average is $22.16. Ennis, Inc. has a fifty-two week low of $18.88 and a fifty-two week high of $25.75.

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

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Friday, January 10th. Ennis's dividend payout ratio (DPR) is 62.89%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Ennis from a "strong-buy" rating to a "buy" rating in a report on Wednesday, December 11th.

Ennis 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.