Ennis, Inc. (EBF) Stake Lessened by Systematic Financial Management LP
Systematic Financial Management LP cut its holdings in shares of Ennis, Inc. (NYSE:EBF) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,975 shares of the industrial products company’s stock after selling 5,235 shares during the period. Systematic Financial Management LP owned 0.24% of Ennis worth $1,198,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Ennis during the third quarter worth $130,000. Stevens Capital Management LP purchased a new stake in shares of Ennis during the third quarter valued at $201,000. Cetera Investment Advisers purchased a new stake in shares of Ennis during the second quarter valued at $205,000. Sei Investments Co. grew its holdings in shares of Ennis by 179.1% during the second quarter. Sei Investments Co. now owns 10,850 shares of the industrial products company’s stock valued at $207,000 after buying an additional 6,963 shares during the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of Ennis during the second quarter valued at $227,000. 83.21% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub raised shares of Ennis from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, September 25th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $94.89 million for the quarter. Ennis had a net margin of 7.73% and a return on equity of 12.13%.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 13th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, October 12th. Ennis’s dividend payout ratio (DPR) is presently 72.07%.
In other news, Director Kenneth G. Pritchett sold 2,916 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $18.86, for a total transaction of $54,995.76. Following the sale, the director now directly owns 60,964 shares of the company’s stock, valued at $1,149,781.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.04% of the stock is owned by insiders.
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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.
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