Ennis, Inc. (NYSE:EBF) Stock Position Raised by Polaris Capital Management LLC

Polaris Capital Management LLC increased its position in Ennis, Inc. (NYSE:EBF - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,500 shares of the industrial products company's stock after buying an additional 13,200 shares during the quarter. Polaris Capital Management LLC owned about 0.37% of Ennis worth $2,014,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in shares of Ennis by 34.6% in the third quarter. FMR LLC now owns 3,324 shares of the industrial products company's stock valued at $81,000 after buying an additional 855 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Ennis by 8,888.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 4,000 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ennis during the third quarter valued at $103,000. CWM LLC lifted its holdings in shares of Ennis by 30.9% during the third quarter. CWM LLC now owns 5,039 shares of the industrial products company's stock valued at $123,000 after purchasing an additional 1,190 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Ennis by 10.3% during the fourth 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 last quarter. Institutional investors and hedge funds own 74.33% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ennis from a "strong-buy" rating to a "buy" rating in a report on Thursday.

Ennis Stock Down 0.5 %

Shares of NYSE EBF traded down $0.10 during mid-day trading on Friday, hitting $20.43. 62,271 shares of the company traded hands, compared to its average volume of 122,536. Ennis, Inc. has a 1 year low of $18.88 and a 1 year high of $25.75. The stock has a market capitalization of $531.31 million, a price-to-earnings ratio of 12.86 and a beta of 0.41. The business has a 50 day moving average of $20.86 and a two-hundred day moving average of $21.88.

Ennis (NYSE:EBF - Get Free Report) last announced its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Friday, January 10th. Ennis's dividend payout ratio is currently 62.89%.

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.