State Board of Administration of Florida Retirement System raised its position in shares of Ennis, Inc. (NYSE:EBF – Free Report) by 71.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,094 shares of the industrial products company’s stock after acquiring an additional 11,301 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.10% of Ennis worth $571,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in EBF. Charles Schwab Investment Management Inc. raised its holdings in shares of Ennis by 223.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 613,232 shares of the industrial products company’s stock valued at $12,933,000 after acquiring an additional 423,486 shares during the last quarter. State Street Corp increased its holdings in shares of Ennis by 15.8% in the first quarter. State Street Corp now owns 813,532 shares of the industrial products company’s stock valued at $17,157,000 after purchasing an additional 111,119 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Ennis by 3.2% in the third quarter. Vanguard Group Inc. now owns 1,764,296 shares of the industrial products company’s stock valued at $35,515,000 after purchasing an additional 54,742 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ennis by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,106,762 shares of the industrial products company’s stock valued at $44,431,000 after purchasing an additional 51,550 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Ennis in the first quarter valued at approximately $1,001,000. Institutional investors and hedge funds own 74.04% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Ennis from a “strong-buy” rating to a “buy” rating in a report on Tuesday.
Ennis Stock Performance
NYSE:EBF opened at $21.05 on Friday. Ennis, Inc. has a one year low of $18.94 and a one year high of $23.48. The stock has a market cap of $544.14 million, a PE ratio of 11.83 and a beta of 0.48. The stock has a 50 day moving average price of $21.37 and a 200 day moving average price of $20.76.
Ennis (NYSE:EBF – Get Free Report) last issued its quarterly earnings data on Monday, June 19th. The industrial products company reported $0.45 earnings per share for the quarter. The company had revenue of $111.29 million during the quarter. Ennis had a return on equity of 12.52% and a net margin of 10.68%.
Ennis Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 6th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.00 annualized dividend and a yield of 4.75%. Ennis’s payout ratio is 56.18%.
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, 360ยบ 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.
Read More
- Five stocks we like better than Ennis
- How to Invest in Toy Stocks
- 3 Compelling Reasons to Start Buying Undervalued Amazon
- Investing in Commodities: What Are They? How to Invest in Them
- Analysts Recommend These Mining Stocks Before Metal Prices Rally
- 3 Best Fintech Stocks for a Portfolio Boost
- An Improved FedEx Can Deliver A New High: This Is Why
Receive News & Ratings for Ennis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ennis and related companies with MarketBeat.com's FREE daily email newsletter.
