Geode Capital Management LLC boosted its holdings in Ennis, Inc. (NYSE:EBF - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 723,432 shares of the industrial products company's stock after acquiring an additional 16,508 shares during the quarter. Geode Capital Management LLC owned about 2.78% of Ennis worth $15,260,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of EBF. JPMorgan Chase & Co. grew its holdings in Ennis by 282.8% in the third quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company's stock valued at $6,103,000 after purchasing an additional 185,373 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Ennis in the 4th quarter valued at about $283,000. American Century Companies Inc. increased its holdings in Ennis by 27.5% during 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 acquiring an additional 133,036 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Ennis by 8,888.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 4,000 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Ennis by 143.1% during the fourth quarter. New York State Common Retirement Fund now owns 23,615 shares of the industrial products company's stock worth $498,000 after acquiring an additional 13,900 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Ennis from a "strong-buy" rating to a "buy" rating in a research report on Tuesday.
Check Out Our Latest Stock Analysis on Ennis
Ennis Price Performance
Ennis stock traded down $0.08 during mid-day trading on Friday, hitting $17.98. 23,549 shares of the company were exchanged, compared to its average volume of 148,019. Ennis, Inc. has a 12-month low of $17.15 and a 12-month high of $25.75. The business's 50 day simple moving average is $20.12 and its two-hundred day simple moving average is $20.72. The company has a market capitalization of $467.74 million, a P/E ratio of 11.30 and a beta of 0.40.
Ennis (NYSE:EBF - Get Free Report) last announced its 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). The firm 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, April 14th. Ennis's payout ratio is 64.52%.
Ennis Profile
(
Free Report)
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.
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