GSA Capital Partners LLP Reduces Position in Ennis, Inc. (NYSE:EBF)

GSA Capital Partners LLP decreased its holdings in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 33.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,029 shares of the industrial products company's stock after selling 31,024 shares during the period. GSA Capital Partners LLP owned 0.23% of Ennis worth $1,484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Ennis by 0.7% during the second quarter. Renaissance Technologies LLC now owns 1,537,746 shares of the industrial products company's stock valued at $33,661,000 after acquiring an additional 11,000 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ennis by 0.4% during 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 acquiring an additional 1,254 shares in the last quarter. American Century Companies Inc. increased its position in shares of Ennis by 47.1% during the second quarter. American Century Companies Inc. now owns 274,947 shares of the industrial products company's stock valued at $6,019,000 after acquiring an additional 88,042 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Ennis by 74.5% during the second quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company's stock valued at $5,870,000 after acquiring an additional 114,516 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Ennis by 74.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,588 shares of the industrial products company's stock valued at $1,346,000 after acquiring an additional 27,921 shares in the last quarter. Institutional investors own 74.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ennis Trading Down 1.6 %

NYSE:EBF traded down $0.34 during trading hours on Thursday, reaching $21.37. The company had a trading volume of 38,410 shares, compared to its average volume of 127,833. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75. The firm has a market cap of $555.71 million, a price-to-earnings ratio of 13.58 and a beta of 0.41. The firm's 50 day moving average price is $22.45 and its 200-day moving average price is $22.13.

Ennis (NYSE:EBF - Get Free Report) last posted its earnings results on Monday, September 23rd. The industrial products company reported $0.40 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 business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Friday, October 11th. Ennis's dividend payout ratio (DPR) is presently 63.29%.

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.