Ennis, Inc. (NYSE:EBF) Stock Position Lessened by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 30.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 209,752 shares of the industrial products company's stock after selling 91,750 shares during the period. Nuveen Asset Management LLC owned approximately 0.81% of Ennis worth $4,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. raised its position in shares of Ennis by 27.5% in the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock valued at $13,017,000 after purchasing an additional 133,036 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Ennis in the 4th quarter valued at approximately $283,000. Ameriprise Financial Inc. raised its position in shares of Ennis by 13.9% in the 4th quarter. Ameriprise Financial Inc. now owns 124,656 shares of the industrial products company's stock valued at $2,629,000 after purchasing an additional 15,252 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Ennis by 143.1% in the 4th quarter. New York State Common Retirement Fund now owns 23,615 shares of the industrial products company's stock valued at $498,000 after purchasing an additional 13,900 shares in the last quarter. Finally, Aviva PLC raised its position in shares of Ennis by 225.1% in the 4th quarter. Aviva PLC now owns 28,612 shares of the industrial products company's stock valued at $603,000 after purchasing an additional 19,812 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ennis news, Director Michael J. Schaefer sold 9,612 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $17.94, for a total value of $172,439.28. Following the sale, the director now directly owns 49,987 shares of the company's stock, valued at $896,766.78. This trade represents a 16.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 19,873 shares of company stock valued at $357,330 over the last three months. Company insiders own 3.50% of the company's stock.

Ennis Price Performance

Shares of EBF stock traded down $0.16 on Monday, hitting $18.51. 130,799 shares of the stock traded hands, compared to its average volume of 155,438. The company has a market capitalization of $482.19 million, a PE ratio of 11.64 and a beta of 0.46. Ennis, Inc. has a 1-year low of $17.15 and a 1-year high of $25.75. The company's fifty day moving average is $18.92 and its 200 day moving average is $20.23.

Ennis (NYSE:EBF - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $92.70 million for 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, April 14th. Ennis's dividend payout ratio is currently 64.52%.

Wall Street Analyst Weigh In

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

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.