Los Angeles Capital Management LLC Has $586,000 Stock Holdings in Ennis, Inc. (NYSE:EBF)

Los Angeles Capital Management LLC lowered its holdings in shares of Ennis, Inc. (NYSE:EBF) by 11.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,077 shares of the industrial products company’s stock after selling 3,100 shares during the period. Los Angeles Capital Management LLC’s holdings in Ennis were worth $586,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. bought a new position in Ennis in the second quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ennis during the 2nd quarter valued at approximately $54,000. Mather Group LLC. acquired a new position in Ennis during the 2nd quarter worth approximately $72,000. CWM LLC lifted its stake in Ennis by 97.0% in the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 1,895 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Ennis in the third quarter valued at approximately $103,000. 74.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Ennis from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 29th.

Ennis Trading Down 1.5 %

Ennis stock opened at $21.22 on Friday. The stock has a 50-day moving average price of $22.38 and a two-hundred day moving average price of $22.13. Ennis, Inc. has a 12 month low of $18.88 and a 12 month high of $25.75. The company has a market capitalization of $551.72 million, a PE ratio of 13.43 and a beta of 0.41.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, September 23rd. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%. The business had revenue of $99.04 million during the quarter.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.71%. Ennis’s dividend payout ratio (DPR) is presently 63.29%.

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.