Los Angeles Capital Management LLC Cuts Stock Holdings in Ennis, Inc. (NYSE:EBF)

Los Angeles Capital Management LLC lowered its stake in shares of Ennis, Inc. (NYSE:EBF) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,348 shares of the industrial products company’s stock after selling 15,453 shares during the quarter. Los Angeles Capital Management LLC owned 0.35% of Ennis worth $2,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank grew its position in Ennis by 2.0% during the third quarter. Swiss National Bank now owns 56,900 shares of the industrial products company’s stock valued at $1,207,000 after acquiring an additional 1,100 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Ennis by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,604,039 shares of the industrial products company’s stock worth $35,144,000 after purchasing an additional 6,865 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ennis by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,567 shares of the industrial products company’s stock worth $16,139,000 after purchasing an additional 70,755 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ennis by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,830,941 shares of the industrial products company’s stock worth $38,853,000 after purchasing an additional 13,258 shares during the period. Finally, EMC Capital Management increased its holdings in Ennis by 123.9% during the 3rd quarter. EMC Capital Management now owns 8,877 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 4,912 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Stock Up 0.2 %

Shares of EBF stock opened at $20.38 on Wednesday. The stock has a fifty day moving average of $19.96 and a 200 day moving average of $20.74. The firm has a market capitalization of $527.43 million, a price-to-earnings ratio of 12.43 and a beta of 0.45. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $23.17.

Ennis (NYSE:EBF) last announced its earnings results on Monday, April 22nd. The industrial products company reported $0.39 earnings per share for the quarter. Ennis had a net margin of 10.14% and a return on equity of 12.43%. The firm had revenue of $97.43 million for the quarter.

Ennis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Monday, April 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date was Friday, April 12th. Ennis’s payout ratio is presently 60.98%.

Analysts Set New Price Targets

Separately, StockNews.com cut Ennis from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd.

About Ennis

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.