Shell Asset Management Co. acquired a new stake in shares of Ennis, Inc. (NYSE:EBF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 70,159 shares of the industrial products company’s stock, valued at approximately $924,000. Shell Asset Management Co. owned approximately 0.28% of Ennis at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Ennis by 1.9% during the 2nd quarter. Wells Fargo & Company MN now owns 2,172,193 shares of the industrial products company’s stock valued at $41,489,000 after purchasing an additional 39,519 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ennis by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,650,087 shares of the industrial products company’s stock valued at $31,517,000 after purchasing an additional 60,719 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Ennis by 5.0% during the 2nd quarter. Northern Trust Corp now owns 1,049,384 shares of the industrial products company’s stock valued at $20,043,000 after purchasing an additional 50,147 shares in the last quarter. State Street Corp lifted its holdings in shares of Ennis by 7.5% during the 2nd quarter. State Street Corp now owns 726,865 shares of the industrial products company’s stock valued at $13,883,000 after purchasing an additional 50,558 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Ennis by 4.1% during the 2nd quarter. LSV Asset Management now owns 711,695 shares of the industrial products company’s stock valued at $13,593,000 after purchasing an additional 27,795 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Separately, BidaskClub upgraded Ennis from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.

In related news, Director Kenneth G. Pritchett sold 2,916 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $18.86, for a total transaction of $54,995.76. Following the sale, the director now owns 60,964 shares in the company, valued at approximately $1,149,781.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.04% of the stock is owned by corporate insiders.

Ennis, Inc. (NYSE EBF) opened at 20.15 on Wednesday. Ennis, Inc. has a 12-month low of $14.55 and a 12-month high of $21.05. The company has a market cap of $512.15 million, a PE ratio of 18.22 and a beta of 0.75. The stock’s 50 day moving average price is $19.83 and its 200 day moving average price is $18.45.

Ennis (NYSE:EBF) last announced its earnings results on Monday, September 25th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Ennis had a return on equity of 12.13% and a net margin of 7.73%. The company had revenue of $94.89 million for the quarter. Equities research analysts anticipate that Ennis, Inc. will post $1.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 13th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.80 annualized dividend and a dividend yield of 3.97%. Ennis’s payout ratio is 72.07%.

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About Ennis

Ennis, Inc and its subsidiaries are engaged in the production and sale of printed business products, business forms and other business products. The Company operates through Print segment, which is engaged in printing, manufacturing and selling a range of business forms and other business products to distributors located throughout the United States primarily through independent dealers.

Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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