Ennis, Inc. (NYSE:EBF) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in Ennis, Inc. (NYSE:EBF) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,479,599 shares of the industrial products company’s stock after selling 20,000 shares during the quarter. Royce & Associates LP owned approximately 5.69% of Ennis worth $35,984,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Unison Advisors LLC raised its holdings in shares of Ennis by 1.1% in the third quarter. Unison Advisors LLC now owns 38,454 shares of the industrial products company’s stock worth $935,000 after acquiring an additional 435 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Ennis by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 534 shares during the period. EMC Capital Management grew its position in shares of Ennis by 10.9% in the first quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 971 shares during the period. CWM LLC grew its position in shares of Ennis by 30.9% in the third quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 1,190 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Ennis by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock valued at $7,441,000 after purchasing an additional 1,254 shares during the period. 74.33% of the stock is owned by institutional investors and hedge funds.

Ennis Stock Down 0.7 %

Shares of NYSE:EBF opened at $21.55 on Friday. The company has a market cap of $560.30 million, a P/E ratio of 13.64 and a beta of 0.41. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75. The business has a fifty day simple moving average of $22.45 and a 200-day simple moving average of $22.13.

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

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Friday, October 11th. Ennis’s dividend payout ratio (DPR) is presently 63.29%.

Analysts Set New Price Targets

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

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.