JPMorgan Chase & Co. Sells 162,964 Shares of Ennis, Inc. (NYSE:EBF)

JPMorgan Chase & Co. decreased its stake in Ennis, Inc. (NYSE:EBF - Free Report) by 64.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,968 shares of the industrial products company's stock after selling 162,964 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.34% of Ennis worth $1,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Ennis by 27.5% during the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock worth $13,017,000 after purchasing an additional 133,036 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Ennis by 49.0% in the fourth quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company's stock worth $3,971,000 after acquiring an additional 61,919 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Ennis during the fourth quarter worth $1,175,000. Allspring Global Investments Holdings LLC raised its stake in Ennis by 3.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company's stock valued at $33,888,000 after purchasing an additional 50,792 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Ennis in the 4th quarter worth $1,008,000. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Trading Down 0.8 %

Shares of Ennis stock traded down $0.15 during mid-day trading on Friday, reaching $17.91. 202,389 shares of the stock were exchanged, compared to its average volume of 148,885. The company has a market cap of $465.89 million, a price-to-earnings ratio of 11.26 and a beta of 0.40. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75. The firm has a 50-day simple moving average of $20.06 and a 200 day simple moving average of $20.65.

Ennis (NYSE:EBF - Get Free Report) last announced its earnings results on Monday, April 21st. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The business had revenue of $92.70 million during the quarter, compared to analyst estimates of $95.60 million. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.58%. Ennis's dividend payout ratio (DPR) is presently 64.52%.

Analyst Ratings Changes

Separately, StockNews.com lowered Ennis from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 22nd.

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.