Millennium Management LLC Has $1.02 Million Stock Position in Ennis, Inc. (NYSE:EBF)

Millennium Management LLC grew its stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 423.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,554 shares of the industrial products company's stock after purchasing an additional 39,270 shares during the quarter. Millennium Management LLC owned 0.19% of Ennis worth $1,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Ennis by 27.5% in the fourth quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock worth $13,017,000 after acquiring an additional 133,036 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Ennis by 49.0% in the fourth quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company's stock worth $3,971,000 after acquiring an additional 61,919 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Ennis in the fourth quarter worth about $1,175,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Ennis by 3.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company's stock worth $33,888,000 after acquiring an additional 50,792 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Ennis in the fourth quarter worth about $1,008,000. Institutional investors and hedge funds own 74.33% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Ennis from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 22nd.

Ennis Stock Up 0.0%

NYSE EBF traded up $0.00 on Friday, reaching $18.53. 93,626 shares of the stock traded hands, compared to its average volume of 156,272. The firm's fifty day simple moving average is $18.77 and its 200 day simple moving average is $20.16. The company has a market cap of $482.87 million, a price-to-earnings ratio of 11.66 and a beta of 0.46. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last issued its earnings results on Monday, April 21st. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The business had revenue of $92.70 million during the quarter, compared to analyst estimates of $95.60 million. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date was Monday, April 14th. Ennis's payout ratio is 64.52%.

Insider Transactions at Ennis

In other news, Director Michael J. Schaefer sold 1,860 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $18.00, for a total value of $33,480.00. Following the completion of the transaction, the director now owns 32,747 shares in the company, valued at approximately $589,446. This represents a 5.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 19,873 shares of company stock worth $357,330. 3.50% of the stock is owned by insiders.

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.