Los Angeles Capital Management LLC Has $413,000 Stake in Ennis, Inc. (NYSE:EBF)

Los Angeles Capital Management LLC lessened its holdings in shares of Ennis, Inc. (NYSE:EBF) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,577 shares of the industrial products company’s stock after selling 4,500 shares during the period. Los Angeles Capital Management LLC’s holdings in Ennis were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EBF. Allspring Global Investments Holdings LLC boosted its stake in shares of Ennis by 3.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company’s stock valued at $33,888,000 after buying an additional 50,792 shares during the period. Geode Capital Management LLC lifted its position in shares of Ennis by 5.4% during 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 during the period. Bank of New York Mellon Corp grew its holdings in shares of Ennis by 6.3% during the 4th quarter. Bank of New York Mellon Corp now owns 349,421 shares of the industrial products company’s stock worth $7,369,000 after purchasing an additional 20,819 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ennis by 282.8% in the third quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock worth $6,103,000 after purchasing an additional 185,373 shares during the period. Finally, Barclays PLC raised its stake in Ennis by 35.7% in the third quarter. Barclays PLC now owns 128,298 shares of the industrial products company’s stock valued at $3,120,000 after purchasing an additional 33,748 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Trading Up 0.7 %

NYSE EBF opened at $21.34 on Tuesday. The firm’s 50 day simple moving average is $20.81 and its 200 day simple moving average is $21.71. The firm has a market capitalization of $555.12 million, a price-to-earnings ratio of 13.42 and a beta of 0.41. Ennis, Inc. has a 1 year low of $18.88 and a 1 year high of $25.75.

Ennis (NYSE:EBF) last released its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share 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 Dividend Announcement

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 4.69%. The ex-dividend date of this dividend was Friday, January 10th. Ennis’s dividend payout ratio (DPR) is presently 62.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a research note 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.