Globeflex Capital L P Sells 23,290 Shares of Ennis, Inc. (NYSE:EBF)

Globeflex Capital L P lowered its stake in Ennis, Inc. (NYSE:EBF) by 73.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,273 shares of the industrial products company’s stock after selling 23,290 shares during the quarter. Globeflex Capital L P’s holdings in Ennis were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in EBF. Geode Capital Management LLC raised its holdings in shares of Ennis by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company’s stock valued at $17,195,000 after acquiring an additional 36,187 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Ennis by 282.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock valued at $6,103,000 after acquiring an additional 185,373 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Ennis by 61.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,751 shares of the industrial products company’s stock valued at $699,000 after acquiring an additional 10,995 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 4,000 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Ennis by 143.1% in the 4th quarter. New York State Common Retirement Fund now owns 23,615 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 13,900 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.

Ennis Trading Up 0.5 %

Shares of NYSE EBF opened at $21.23 on Friday. The stock has a market cap of $552.13 million, a price-to-earnings ratio of 13.35 and a beta of 0.40. Ennis, Inc. has a 1-year low of $18.88 and a 1-year high of $25.75. The stock’s 50-day moving average is $20.84 and its 200 day moving average is $21.60.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.71%. Ennis’s dividend payout ratio is 62.89%.

Analysts Set New Price Targets

Separately, StockNews.com raised 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.