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

Royce & Associates LP decreased its position in shares of Ennis, Inc. (NYSE:EBF) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,468,000 shares of the industrial products company’s stock after selling 17,200 shares during the quarter. Royce & Associates LP owned 5.64% of Ennis worth $29,492,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Ennis by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,649,924 shares of the industrial products company’s stock worth $33,196,000 after acquiring an additional 32,343 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ennis by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 723,432 shares of the industrial products company’s stock worth $15,260,000 after acquiring an additional 16,508 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ennis by 5.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 629,143 shares of the industrial products company’s stock worth $13,269,000 after acquiring an additional 31,985 shares in the last quarter. American Century Companies Inc. boosted its stake 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 acquiring an additional 133,036 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Ennis by 3.6% during the 4th quarter. Northern Trust Corp now owns 317,626 shares of the industrial products company’s stock worth $6,699,000 after acquiring an additional 11,048 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Stock Performance

EBF stock traded down $0.17 on Thursday, reaching $18.05. The company had a trading volume of 16,748 shares, compared to its average volume of 173,669. Ennis, Inc. has a 1 year low of $17.15 and a 1 year high of $25.75. The company’s fifty day moving average is $18.56 and its 200 day moving average is $19.53. The company has a market cap of $465.59 million, a P/E ratio of 11.87 and a beta of 0.46.

Ennis (NYSE:EBF) last posted its earnings results on Monday, June 23rd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $97.20 million for the quarter, compared to analyst estimates of $99.30 million. Ennis had a return on equity of 12.49% and a net margin of 10.12%.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Friday, July 11th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 5.54%. Ennis’s dividend payout ratio (DPR) is presently 65.79%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Ennis from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 22nd.

Insiders Place Their Bets

In other Ennis news, Director Michael J. Schaefer sold 9,612 shares of the business’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $17.94, for a total value of $172,439.28. Following the completion of the transaction, the director directly owned 49,987 shares in the company, valued at approximately $896,766.78. The trade was a 16.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 19,873 shares of company stock valued at $357,330. Insiders own 3.70% of the company’s stock.

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.