Russell Investments Group Ltd. Lowers Holdings in Ennis, Inc. (NYSE:EBF)

Russell Investments Group Ltd. decreased its holdings in Ennis, Inc. (NYSE:EBF) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 40,233 shares of the industrial products company’s stock after selling 5,028 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ennis were worth $849,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in Ennis by 5.3% in the 4th quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 604 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in shares of Ennis by 10.3% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock worth $150,000 after buying an additional 663 shares in the last quarter. 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 worth $81,000 after buying an additional 855 shares in the last quarter. Vestcor Inc boosted its position in shares of Ennis by 3.7% during the fourth quarter. Vestcor Inc now owns 50,049 shares of the industrial products company’s stock worth $1,056,000 after acquiring an additional 1,789 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Ennis by 46.0% during the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 1,951 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Price Performance

NYSE EBF opened at $17.34 on Tuesday. The stock has a market capitalization of $451.07 million, a PE ratio of 10.91 and a beta of 0.40. Ennis, Inc. has a 1-year low of $17.15 and a 1-year high of $25.75. The business has a 50 day simple moving average of $20.26 and a two-hundred day simple moving average of $20.80.

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

Ennis Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Monday, April 14th. Ennis’s payout ratio is 62.89%.

Analyst Ratings Changes

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

Ennis Company 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.