Arrowstreet Capital Limited Partnership Decreases Stock Holdings in Ennis, Inc. (NYSE:EBF)

Arrowstreet Capital Limited Partnership lowered its position in Ennis, Inc. (NYSE:EBF - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 67,739 shares of the industrial products company's stock after selling 17,081 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.26% of Ennis worth $1,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Ennis in the fourth quarter worth $65,000. FMR LLC raised its stake in shares of Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company's stock worth $81,000 after acquiring an additional 855 shares in the last quarter. Nisa Investment Advisors LLC increased its stake 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 worth $85,000 after purchasing an additional 4,000 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Ennis by 46.0% during 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 during the period. Finally, GPS Wealth Strategies Group LLC increased 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 valued at $150,000 after purchasing an additional 663 shares during the period. 74.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ennis from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st.

Ennis Price Performance

NYSE EBF traded up $0.08 during trading hours on Thursday, hitting $18.79. The company's stock had a trading volume of 37,543 shares, compared to its average volume of 145,441. The company's 50 day simple moving average is $20.40 and its two-hundred day simple moving average is $20.97. The company has a market cap of $488.65 million, a P/E ratio of 11.82 and a beta of 0.40. Ennis, Inc. has a 12 month low of $18.46 and a 12 month high of $25.75.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be given a $0.25 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.00 annualized dividend and a yield of 5.32%. Ennis's payout ratio is presently 62.89%.

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.