Royce & Associates LP Decreases Position in Ennis, Inc. (NYSE:EBF)

Royce & Associates LP decreased its stake in Ennis, Inc. (NYSE:EBF) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,479,599 shares of the industrial products company’s stock after selling 20,000 shares during the period. Royce & Associates LP owned approximately 0.06% of Ennis worth $35,984,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EBF. BNP Paribas Financial Markets boosted its position in shares of Ennis by 69.4% in the first quarter. BNP Paribas Financial Markets now owns 16,109 shares of the industrial products company’s stock worth $330,000 after buying an additional 6,600 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Ennis by 7.3% in the first quarter. Janney Montgomery Scott LLC now owns 33,276 shares of the industrial products company’s stock worth $682,000 after buying an additional 2,273 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Ennis in the first quarter worth about $246,000. Russell Investments Group Ltd. boosted its position in shares of Ennis by 5.1% in the first quarter. Russell Investments Group Ltd. now owns 43,653 shares of the industrial products company’s stock worth $895,000 after buying an additional 2,113 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Ennis by 43.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,020 shares of the industrial products company’s stock worth $308,000 after buying an additional 4,537 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ennis from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 29th.

Ennis Stock Performance

NYSE:EBF opened at $21.55 on Friday. Ennis, Inc. has a one year low of $18.88 and a one year high of $25.75. The business’s 50-day simple moving average is $22.45 and its 200 day simple moving average is $22.13. The stock has a market cap of $560.30 million, a price-to-earnings ratio of 13.64 and a beta of 0.41.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%. The business had revenue of $99.04 million for the quarter.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Friday, October 11th. Ennis’s payout ratio is currently 63.29%.

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.