Ennis, Inc. (NYSE:EBF) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its stake in Ennis, Inc. (NYSE:EBF) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,576 shares of the industrial products company’s stock after selling 3,457 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.23% of Ennis worth $1,425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EBF. Renaissance Technologies LLC increased its holdings in shares of Ennis by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,537,746 shares of the industrial products company’s stock worth $33,661,000 after buying an additional 11,000 shares during the last quarter. Bank of New York Mellon Corp grew its position in Ennis by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock worth $7,441,000 after acquiring an additional 1,254 shares during the period. American Century Companies Inc. raised its position in Ennis by 47.1% in the second quarter. American Century Companies Inc. now owns 274,947 shares of the industrial products company’s stock valued at $6,019,000 after purchasing an additional 88,042 shares during the period. AQR Capital Management LLC raised its position in Ennis by 74.5% in the second quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock valued at $5,870,000 after purchasing an additional 114,516 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Ennis by 8.9% in the 1st quarter. Empowered Funds LLC now owns 117,621 shares of the industrial products company’s stock valued at $2,412,000 after purchasing an additional 9,615 shares during the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ennis Stock Down 1.2 %

EBF opened at $20.51 on Friday. The business has a fifty day simple moving average of $23.04 and a 200-day simple moving average of $21.97. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75. The firm has a market cap of $533.26 million, a P/E ratio of 12.98 and a beta of 0.40.

Ennis (NYSE:EBF) last released its earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share (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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, October 11th. Ennis’s payout ratio is presently 63.29%.

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.