Ennis, Inc. (NYSE:EBF) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 569,280 shares of the industrial products company's stock after selling 43,800 shares during the period. LSV Asset Management owned 2.19% of Ennis worth $12,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its holdings in Ennis by 0.9% in the fourth quarter. Invesco Ltd. now owns 66,581 shares of the industrial products company's stock valued at $1,404,000 after purchasing an additional 620 shares in the last quarter. Aviva PLC raised its stake in Ennis by 225.1% during the 4th quarter. Aviva PLC now owns 28,612 shares of the industrial products company's stock worth $603,000 after acquiring an additional 19,812 shares in the last quarter. Wells Fargo & Company MN lifted its position in Ennis by 22.5% in the fourth quarter. Wells Fargo & Company MN now owns 22,596 shares of the industrial products company's stock valued at $477,000 after acquiring an additional 4,148 shares during the last quarter. ExodusPoint Capital Management LP boosted its stake in Ennis by 88.7% in the fourth quarter. ExodusPoint Capital Management LP now owns 27,028 shares of the industrial products company's stock valued at $570,000 after acquiring an additional 12,704 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ennis by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 723,432 shares of the industrial products company's stock worth $15,260,000 after purchasing an additional 16,508 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company's stock.

Ennis Trading Down 0.0 %

Shares of Ennis stock traded down $0.01 during trading on Friday, reaching $18.70. The company's stock had a trading volume of 171,324 shares, compared to its average volume of 146,054. Ennis, Inc. has a fifty-two week low of $18.46 and a fifty-two week high of $25.75. The firm has a market cap of $486.50 million, a PE ratio of 11.76 and a beta of 0.40. The company has a 50-day moving average price of $20.36 and a two-hundred day moving average price of $20.93.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Monday, April 14th. Ennis's dividend payout ratio is currently 62.89%.

Analyst Ratings Changes

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

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.