Cubist Systematic Strategies LLC Makes New Investment in Ennis, Inc. (NYSE:EBF)

Cubist Systematic Strategies LLC acquired a new position in Ennis, Inc. (NYSE:EBF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,801 shares of the industrial products company’s stock, valued at approximately $543,000.

A number of other large investors have also modified their holdings of EBF. Hennion & Walsh Asset Management Inc. raised its position in shares of Ennis by 11.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 61,646 shares of the industrial products company’s stock worth $1,264,000 after acquiring an additional 6,139 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Ennis by 6.9% in the first quarter. Commonwealth Equity Services LLC now owns 27,579 shares of the industrial products company’s stock worth $566,000 after acquiring an additional 1,792 shares during the period. North Star Investment Management Corp. raised its position in shares of Ennis by 7.1% in the first quarter. North Star Investment Management Corp. now owns 45,000 shares of the industrial products company’s stock worth $923,000 after acquiring an additional 3,000 shares during the period. BNP Paribas Financial Markets raised its position in shares of Ennis by 69.4% in the first quarter. BNP Paribas Financial Markets now owns 16,109 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 6,600 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Ennis by 7.3% in the first quarter. Janney Montgomery Scott LLC now owns 33,276 shares of the industrial products company’s stock worth $682,000 after acquiring an additional 2,273 shares during the period. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Ennis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 25th.

Ennis Stock Down 3.9 %

EBF stock opened at $20.43 on Friday. The stock has a market capitalization of $531.18 million, a P/E ratio of 12.93 and a beta of 0.40. The firm has a 50-day simple moving average of $23.39 and a 200-day simple moving average of $21.92. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.89%. Ennis’s dividend payout ratio is currently 63.29%.

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.