JPMorgan Chase & Co. Sells 162,964 Shares of Ennis, Inc. (NYSE:EBF)

JPMorgan Chase & Co. trimmed its position in Ennis, Inc. (NYSE:EBF - Free Report) by 64.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 87,968 shares of the industrial products company's stock after selling 162,964 shares during the period. JPMorgan Chase & Co. owned 0.34% of Ennis worth $1,855,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Ennis during the fourth quarter worth $65,000. Nisa Investment Advisors LLC grew 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 worth $85,000 after acquiring an additional 4,000 shares during the period. SG Americas Securities LLC raised its position in shares of Ennis by 46.0% in the 4th quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company's stock worth $131,000 after acquiring an additional 1,951 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Ennis by 10.3% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company's stock worth $150,000 after buying an additional 663 shares in the last quarter. Finally, EMC Capital Management grew its holdings in Ennis by 355.3% in the fourth quarter. EMC Capital Management now owns 9,848 shares of the industrial products company's stock worth $208,000 after purchasing an additional 7,685 shares during the period. Institutional investors and hedge funds own 74.33% of the company's stock.

Ennis Price Performance

Shares of NYSE EBF traded down $0.12 during trading on Wednesday, hitting $17.91. The stock had a trading volume of 137,857 shares, compared to its average volume of 149,035. The firm has a fifty day moving average of $19.88 and a two-hundred day moving average of $20.57. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75. The company has a market capitalization of $465.89 million, a PE ratio of 11.26 and a beta of 0.40.

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 the consensus estimate of $0.37 by ($0.02). Ennis had a net margin of 10.35% and a return on equity of 12.16%. The firm had revenue of $92.70 million during the quarter, compared to analysts' expectations of $95.60 million.

Ennis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend is Monday, April 14th. Ennis's payout ratio is 64.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ennis from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 22nd.

Insider Activity 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 shares were sold at an average price of $18.09, for a total value of $95,026.77. Following the transaction, the director now directly owns 44,734 shares in the company, valued at $809,238.06. The trade was a 10.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

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.