Inspire Advisors LLC Has $420,000 Stake in Ennis, Inc. (NYSE:EBF)

Inspire Advisors LLC increased its position in Ennis, Inc. (NYSE:EBF) by 43.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,924 shares of the industrial products company’s stock after purchasing an additional 6,064 shares during the period. Inspire Advisors LLC’s holdings in Ennis were worth $420,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its position in Ennis by 34.6% in the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 855 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 4,000 shares in the last quarter. SG Americas Securities LLC lifted its position in Ennis by 46.0% in the 4th quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 1,951 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in Ennis by 10.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 663 shares in the last quarter. Finally, EMC Capital Management lifted its position in Ennis by 355.3% in the 4th quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 7,685 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Ennis from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

Ennis Stock Performance

NYSE:EBF opened at $21.05 on Thursday. The firm has a market cap of $547.55 million, a price-to-earnings ratio of 13.24 and a beta of 0.40. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75. The firm has a 50-day moving average price of $20.83 and a two-hundred day moving average price of $21.64.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.00 annualized dividend and a yield of 4.75%. Ennis’s dividend payout ratio (DPR) is 62.89%.

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.