Pacific Ridge Capital Partners LLC increased its stake in Ennis, Inc. (NYSE:EBF) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 75,970 shares of the industrial products company’s stock after acquiring an additional 4,100 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Ennis were worth $1,554,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new position in Ennis in the 2nd quarter worth about $219,000. Wells Fargo & Company MN increased its stake in Ennis by 2.8% in the 2nd quarter. Wells Fargo & Company MN now owns 2,302,049 shares of the industrial products company’s stock worth $46,847,000 after buying an additional 62,391 shares during the period. Martingale Asset Management L P increased its stake in Ennis by 52.4% in the 2nd quarter. Martingale Asset Management L P now owns 84,013 shares of the industrial products company’s stock worth $1,710,000 after buying an additional 28,900 shares during the period. Trexquant Investment LP purchased a new position in Ennis in the 2nd quarter worth about $333,000. Finally, Nisa Investment Advisors LLC grew its holdings in Ennis by 721.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,570 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 5,770 shares in the last quarter. 80.64% of the stock is currently owned by institutional investors.
Shares of Ennis stock opened at $18.47 on Friday. The company has a current ratio of 4.99, a quick ratio of 3.90 and a debt-to-equity ratio of 0.10. Ennis, Inc. has a 1 year low of $17.65 and a 1 year high of $22.98. The stock has a market cap of $495.63 million, a price-to-earnings ratio of 13.65 and a beta of 0.68.
Separately, Zacks Investment Research upgraded shares of Ennis from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Friday, October 5th.
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Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.
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