Charles Schwab Investment Management Inc. trimmed its stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,714 shares of the industrial products company's stock after selling 51,854 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.04% of Ennis worth $5,688,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of EBF. FMR LLC boosted its position in shares of Ennis by 34.6% in the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company's stock worth $81,000 after purchasing an additional 855 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company's stock valued at $85,000 after buying an additional 4,000 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Ennis by 46.0% in the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company's stock worth $131,000 after purchasing an additional 1,951 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in 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 stake in Ennis by 355.3% in the fourth quarter. EMC Capital Management now owns 9,848 shares of the industrial products company's stock valued at $208,000 after purchasing an additional 7,685 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.
Ennis Price Performance
EBF stock traded down $0.30 during midday trading on Friday, reaching $20.14. 127,806 shares of the company were exchanged, compared to its average volume of 141,881. The firm has a market capitalization of $523.77 million, a price-to-earnings ratio of 12.66 and a beta of 0.40. The business has a 50-day moving average price of $20.80 and a two-hundred day moving average price of $21.43. Ennis, Inc. has a one year low of $18.88 and a one year high of $25.75.
Ennis (NYSE:EBF - Get Free Report) last released its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.
Ennis Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid a $0.25 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.00 annualized dividend and a yield of 4.97%. Ennis's dividend payout ratio (DPR) is presently 62.89%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Ennis from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 21st.
Check Out Our Latest Research Report on Ennis
Ennis Profile
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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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