Almitas Capital LLC Buys Shares of 138,956 Ennis, Inc. $EBF

Key Points

• Almitas Capital LLC acquired 138,956 Ennis shares worth approximately $2.95 million, giving it a 0.55% stake. Institutional investors collectively own 74.33% of the company.
• Ennis reported quarterly EPS of $0.39, in line with analyst estimates, while revenue of $98.61 million slightly exceeded expectations. The company maintains a quarterly dividend of $0.25 per share, representing a 4.7% annualized yield.
• EBF shares recently opened at $21.45, with a market capitalization of about $542.6 million; research firms upgraded the stock, and MarketBeat lists an average rating of “Buy.”

Almitas Capital LLC bought a new position in Ennis, Inc. (NYSE:EBF - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 138,956 shares of the industrial products company's stock, valued at approximately $2,953,000. Almitas Capital LLC owned 0.55% of Ennis at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EBF. MBM Wealth Consultants LLC bought a new stake in shares of Ennis in the first quarter valued at about $27,000. Compass Financial Management LLC bought a new position in Ennis during the 2nd quarter worth about $27,000. EverSource Wealth Advisors LLC grew its holdings in Ennis by 1,037.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company's stock worth $28,000 after acquiring an additional 1,390 shares in the last quarter. BNP Paribas Financial Markets increased its position in Ennis by 56.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 890 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Ennis during the 4th quarter valued at about $51,000. Institutional investors own 74.33% of the company's stock.

Ennis Price Performance

Shares of EBF stock opened at $21.45 on Friday. The stock's 50-day moving average is $21.60 and its 200 day moving average is $21.10. Ennis, Inc. has a 1-year low of $16.30 and a 1-year high of $22.94. The company has a market cap of $542.63 million, a P/E ratio of 12.84 and a beta of 0.27.

Ennis (NYSE:EBF - Get Free Report) last announced its earnings results on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. Ennis had a net margin of 10.84% and a return on equity of 13.89%. The business had revenue of $98.61 million during the quarter, compared to the consensus estimate of $98.20 million. During the same period in the previous year, the company posted $0.38 earnings per share.

Ennis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. Ennis's dividend payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

EBF has been the subject of several research reports. Wall Street Zen raised shares of Ennis from a "hold" rating to a "buy" rating in a research report on Sunday, August 23rd. Weiss Ratings raised shares of Ennis from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy".

About Ennis

Ennis, Inc NYSE: EBF is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis's core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.

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