Royal Bank of Canada Grows Position in Ennis, Inc. (NYSE:EBF)

Royal Bank of Canada boosted its holdings in Ennis, Inc. (NYSE:EBF) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,856 shares of the industrial products company’s stock after acquiring an additional 1,068 shares during the quarter. Royal Bank of Canada owned 0.37% of Ennis worth $1,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EBF. Amundi Pioneer Asset Management Inc. purchased a new stake in Ennis during the 1st quarter valued at about $2,372,000. WINTON GROUP Ltd purchased a new stake in Ennis during the 2nd quarter valued at about $871,000. Campbell & CO Investment Adviser LLC boosted its holdings in Ennis by 124.9% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 39,764 shares of the industrial products company’s stock valued at $816,000 after acquiring an additional 22,085 shares during the period. Navellier & Associates Inc boosted its holdings in Ennis by 21.5% during the 2nd quarter. Navellier & Associates Inc now owns 31,438 shares of the industrial products company’s stock valued at $645,000 after acquiring an additional 5,568 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new stake in Ennis during the 2nd quarter valued at about $437,000. Institutional investors and hedge funds own 82.93% of the company’s stock.

In other news, EVP Michael D. Magill sold 29,749 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $20.01, for a total value of $595,277.49. Following the completion of the transaction, the executive vice president now owns 119,335 shares of the company’s stock, valued at approximately $2,387,893.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

Separately, Zacks Investment Research lowered Ennis from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, October 15th.

EBF traded up $0.04 during midday trading on Friday, reaching $20.14. 121,008 shares of the company’s stock traded hands, compared to its average volume of 116,266. The firm has a fifty day moving average of $19.82 and a two-hundred day moving average of $19.87. The stock has a market capitalization of $524.94 million, a price-to-earnings ratio of 13.89 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.57 and a quick ratio of 2.55. Ennis, Inc. has a 52 week low of $17.35 and a 52 week high of $22.00.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $108.82 million for the quarter. Ennis had a net margin of 8.88% and a return on equity of 12.97%. Sell-side analysts forecast that Ennis, Inc. will post 1.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 11th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Thursday, October 10th. Ennis’s dividend payout ratio is currently 62.07%.

About Ennis

Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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