Hotchkis & Wiley Capital Management LLC Trims Stock Position in Ennis, Inc. (NYSE:EBF)

Hotchkis & Wiley Capital Management LLC trimmed its stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,070 shares of the industrial products company's stock after selling 24,750 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.07% of Ennis worth $6,738,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new position in Ennis in the second quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ennis during the 2nd quarter worth $54,000. Mather Group LLC. acquired a new stake in shares of Ennis during the second quarter worth about $72,000. FMR LLC grew its holdings 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 buying an additional 855 shares during the last quarter. Finally, CWM LLC increased its position in Ennis by 97.0% in the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 1,895 shares during the period. Hedge funds and other institutional investors own 74.33% of the company's stock.

Ennis Price Performance

Shares of EBF stock traded down $0.18 during mid-day trading on Friday, hitting $21.15. The stock had a trading volume of 66,527 shares, compared to its average volume of 126,909. The firm has a market cap of $549.90 million, a PE ratio of 13.32 and a beta of 0.41. The company's 50-day simple moving average is $21.66 and its 200-day simple moving average is $22.20. Ennis, Inc. has a fifty-two week low of $18.88 and a fifty-two week high of $25.75.

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

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Friday, October 11th. Ennis's dividend payout ratio (DPR) is currently 63.29%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Ennis from a "buy" rating to a "strong-buy" rating in a research note on Tuesday.

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.