Two Sigma Advisers LP Has $1.67 Million Holdings in Ennis, Inc. (NYSE:EBF)

Two Sigma Advisers LP trimmed its position in Ennis, Inc. (NYSE:EBF - Free Report) by 27.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,100 shares of the industrial products company's stock after selling 30,400 shares during the quarter. Two Sigma Advisers LP owned 0.30% of Ennis worth $1,668,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of Ennis by 5.3% during the 4th quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company's stock worth $252,000 after buying an additional 604 shares in the last quarter. Invesco Ltd. raised its stake in Ennis by 0.9% during the fourth quarter. Invesco Ltd. now owns 66,581 shares of the industrial products company's stock worth $1,404,000 after acquiring an additional 620 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Ennis by 10.3% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company's stock worth $150,000 after acquiring an additional 663 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Ennis by 8.5% in the fourth quarter. MetLife Investment Management LLC now owns 15,648 shares of the industrial products company's stock worth $330,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Vestcor Inc boosted its stake in shares of Ennis by 3.7% in the 4th quarter. Vestcor Inc now owns 50,049 shares of the industrial products company's stock valued at $1,056,000 after purchasing an additional 1,789 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Michael J. Schaefer sold 1,860 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $18.00, for a total value of $33,480.00. Following the sale, the director now directly owns 32,747 shares in the company, valued at $589,446. This represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 19,873 shares of company stock valued at $357,330 over the last 90 days. 3.50% of the stock is owned by insiders.

Ennis Stock Performance

Shares of EBF traded down $0.05 during trading hours on Friday, reaching $18.67. The stock had a trading volume of 136,620 shares, compared to its average volume of 155,538. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75. The stock has a market capitalization of $486.41 million, a PE ratio of 11.74 and a beta of 0.46. The company's 50-day moving average is $18.92 and its two-hundred day moving average is $20.25.

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

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.36%. Ennis's dividend payout ratio (DPR) is presently 64.52%.

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.