Ennis, Inc. (NYSE:EBF) Stock Position Increased by Rhumbline Advisers

Rhumbline Advisers grew its position in Ennis, Inc. (NYSE:EBF - Free Report) by 24.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,639 shares of the industrial products company's stock after acquiring an additional 16,943 shares during the quarter. Rhumbline Advisers owned approximately 0.33% of Ennis worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Ennis in the 4th quarter valued at approximately $65,000. GAMMA Investing LLC boosted its position in Ennis by 2,050.0% during the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company's stock valued at $98,000 after purchasing an additional 4,674 shares during the period. Parallel Advisors LLC boosted its position in Ennis by 30.5% during the 1st quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company's stock valued at $119,000 after purchasing an additional 1,386 shares during the period. Bridgeway Capital Management LLC acquired a new position in Ennis during the 4th quarter valued at approximately $209,000. Finally, Ieq Capital LLC acquired a new position in Ennis during the 4th quarter valued at approximately $217,000. 74.33% of the stock is currently owned by institutional investors.

Ennis Price Performance

NYSE:EBF traded down $0.18 during midday trading on Thursday, reaching $18.48. 86,127 shares of the company traded hands, compared to its average volume of 158,119. Ennis, Inc. has a twelve month low of $17.15 and a twelve month high of $25.75. The firm has a market capitalization of $481.51 million, a price-to-earnings ratio of 11.93 and a beta of 0.48. The company has a fifty day moving average price of $18.65 and a 200 day moving average price of $20.02.

Ennis (NYSE:EBF - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). Ennis had a net margin of 10.19% and a return on equity of 12.26%. The company had revenue of $92.70 million for the quarter, compared to analyst estimates of $95.60 million.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 14th were given a dividend of $0.25 per share. The ex-dividend date was Monday, April 14th. This represents a $1.00 dividend on an annualized basis and a yield of 5.41%. Ennis's dividend payout ratio (DPR) is presently 64.52%.

Insiders Place Their Bets

In other Ennis news, Director Michael J. Schaefer sold 9,612 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $17.94, for a total transaction of $172,439.28. Following the completion of the transaction, the director now owns 49,987 shares in the company, valued at approximately $896,766.78. The trade was a 16.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 19,873 shares of company stock worth $357,330. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Ennis Company 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.