Cwm LLC Buys 1,190 Shares of Ennis, Inc. (NYSE:EBF)

Cwm LLC boosted its stake in Ennis, Inc. (NYSE:EBF) by 30.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,039 shares of the industrial products company’s stock after purchasing an additional 1,190 shares during the period. Cwm LLC’s holdings in Ennis were worth $123,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EBF. Hennion & Walsh Asset Management Inc. grew its stake in shares of Ennis by 11.1% during 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 buying an additional 6,139 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Ennis by 6.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 27,579 shares of the industrial products company’s stock valued at $566,000 after acquiring an additional 1,792 shares in the last quarter. North Star Investment Management Corp. grew its position in Ennis by 7.1% during the 1st 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 last quarter. BNP Paribas Financial Markets grew its position in Ennis by 69.4% during the 1st 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 last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Ennis by 7.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 33,276 shares of the industrial products company’s stock worth $682,000 after purchasing an additional 2,273 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 21st.

Ennis Price Performance

NYSE:EBF opened at $20.50 on Friday. Ennis, Inc. has a one year low of $18.88 and a one year high of $25.75. The company has a market cap of $532.67 million, a PE ratio of 12.81 and a beta of 0.40. The firm’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $21.96.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. The company had revenue of $99.04 million for the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.88%. Ennis’s dividend payout ratio (DPR) is 62.50%.

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.