UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Ennis, Inc. (NYSE:EBF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 70.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,958 shares of the industrial products company's stock after purchasing an additional 20,207 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Ennis worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Ennis during the fourth quarter valued at $65,000. SG Americas Securities LLC raised its stake in Ennis by 46.0% during the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company's stock valued at $131,000 after buying an additional 1,951 shares during the last quarter. Bridgeway Capital Management LLC purchased a new position in Ennis during the fourth quarter valued at $209,000. Ieq Capital LLC purchased a new position in Ennis during the fourth quarter valued at $217,000. Finally, LPL Financial LLC raised its stake in Ennis by 5.3% during the fourth quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company's stock valued at $252,000 after buying an additional 604 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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 Performance

Shares of EBF stock traded down $0.42 during mid-day trading on Friday, hitting $18.43. The company's stock had a trading volume of 136,051 shares, compared to its average volume of 157,954. The stock has a market cap of $480.16 million, a price-to-earnings ratio of 11.59 and a beta of 0.48. Ennis, Inc. has a 52-week low of $17.15 and a 52-week high of $25.75. The business has a 50-day moving average price of $18.70 and a 200 day moving average price of $20.10.

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

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Monday, April 14th. Ennis's dividend payout ratio is presently 64.52%.

Insider Buying and Selling at Ennis

In other Ennis news, Director Michael J. Schaefer sold 5,253 shares of the business's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $18.09, for a total transaction of $95,026.77. Following the completion of the sale, the director now owns 44,734 shares of the company's stock, valued at approximately $809,238.06. The trade was a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 19,873 shares of company stock valued at $357,330. Company insiders own 3.50% of the company's stock.

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.